Riyadh – Mubasher: State-run Saudi Aramco, known formally as Saudi Arabian Oil Co, has raised the official selling price (OSP) of its Arab Light crude oil grade by $1.45 per barrel (pb) for European customers in October contracts, setting it at a discount of $1.80 pb, compared to a month earlier.
The world's largest oil producer slashed October OSP of its Arab Light crude oil to Asian clients by $0.10, compared to September, registering a premium of $1.10 pb to the Oman/Dubai average, according to Reuters.
“The Arab Light OSP to the US was set at a premium of $1 pb to the Argus Sour Crude Index (ASCI) for October, up $0.10 a barrel from the previous month,” the news agency added.
