‎Saudi Aramco sets Arab Crude OSP for July

Saudi Aramco maintained July official selling price (OSP) for its flagship Arab Light crude to North America at $4.75 per barrel, above the Argus Sour Crude Index (ASCI).

The Arab Light price differential for buyers in West Europe has been set at $3.10 above the ICE Brent, according to an emailed statement from Aramco.

The Arab Light crude grade was priced $3 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $2.4 above the average of the Oman and Dubai benchmarks.

Arab Crude OSP for July ($/barrel)

Region

Super Light

Extra Light

Light

Medium

Heavy

North America

—

+7.00

+4.75

+5.45

+5.10

West Europe

—

+4.70

+3.10

+2.30

(0.10)

East Asia

+2,95

+2.20

+2.40

+1.95

+1.20

Europe – The Mediterranean

—

+4,70

+3.00

+2.40

(0.30)

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

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