‎Saudi Aramco sets official selling price of Arab crude for September

‎Saudi Aramco sets official selling price of Arab crude for September

Saudi Aramco announced its September official selling price (OSP) to North America for its flagship Arab Light crude at $7.25 per barrel above the Argus Sour Crude Index (ASCI).

For buyers in West Europe and the Europe-Mediterranean, the Arab Light price differential was set at $5.80 and $4.50 above the ICE Brent, respectively, Aramco said in an emailed statement to Argaam.

The price of Arab Light crude grade to East Asia was set at $3.50 above the average of the Oman and Dubai benchmarks, as shown in the following table:

Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium and Arab Heavy, according to Argaam’s data.