Aramco raises crude prices to Europe in October

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.

Mubasher Contribution Time: 05-Sep-2018 14:08 (GMT)
Mubasher Last Update Time: 05-Sep-2018 14:24 (GMT)