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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