by Saudi Aramco sets official selling price of Arab crude for May
Saudi Aramco announced May official selling prices (OSP) to North America for its flagship Arab Light crude at $6.75 per barrel above the Argus Sour Crude Index (ASCI).
For buyers in Northwest Europe and the Europe-Mediterranean, the Arab Light price differential was set at $1 above the ICE Brent, Aramco said in an emailed statement to Argaam.
Arab Light crude grade to East Asia was priced at $2.80 above the average of the Oman and Dubai benchmarks, as shown in the following table:
|
Arab Crude OSP for May ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
— |
+8.40 |
+6.75 |
+6.95 |
+6.50 |
|
West Europe |
— |
+1.60 |
+1.00 |
+0.50 |
(2.60) |
|
East Asia |
+5.00 |
+2.80 |
+2.80 |
+2.80 |
+1.25 |
|
Europe – The Mediterranean |
— |
+2.10 |
+0.80 |
+0.50 |
(3.10) |
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium and Arab Heavy, according to Argaam’s data.