Riyadh – Mubasher: Saudi Arabian Oil Co, known worldwide as Saudi Aramco, has increased the official selling price (OSP) for Arab Light grade to Asia by $0.1 to $1.2 per barrel (pb) for May.
The state-owned energy giant has also increased its Arab Light OSP to Northwest Europe for May by 20 cents with $2.95 discount pb from the ICE Brent, compared to April, Reuters reported.
The OSP for the Arab Light to the US was specified at $0.6 premium pb from the Argus Sour Crude Index (ASCI) for May, with a $0.1 decline.
Aramco previously kept its price for Arab Light grade for March to Asia unchanged.
