Riyadh – Mubasher: Saudi Arabian Oil Co, known globally as Saudi Aramco raised its official selling price (OSP) of December for Arab Light Grade to Asian customers by 65 cents per barrel (pb), compared to the month before, Reuters on Thursday reported.
The price hits a premium of $1.25 pb to the average of Oman and Dubai benchmarks, the agency added.
“[Aramco] raised its Arab Light OSP to Northwest Europe by 90 cents for December from the previous month at a discount of $1.80 a barrel to the ICE Brent,”.
“The price for Arab Super Light was raised by 45 cents a barrel and the OSPs for Arab Extra Light and Arab Medium rose by 65 cents,” Reuters noted, citing two sources as saying.
