06-11-2018

Saudi Arabia cuts December Arab Light crude oil price to Asia

Saudi Aramco has cut its December price for its Arab Light grade for Asian customers by 10 cents per barrel versus November to a premium of $1.60 a barrel to the Oman/Dubai average, the state oil company said on Monday.

It raised its Arab Light OSP to Northwest Europe by 50 cents for December from the previous month to a discount of $2.20 a barrel to the ICE Brent.

The Arab Light OSP to the United States was set at a premium of $2.40 a barrel to the Argus Sour Crude Index (ASCI) for December, up $1.40 a barrel from the previous month.

Source: Reuters

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