Wednesday, May 12, 2021

Saudi Arabia raises February crude official prices to Asia

(Reuters) – Saudi Arabia’s state oil producer Aramco raised its February official selling price (OSP) for its Arab Light crude to Asia by $0.70 per barrel, setting it at plus $1 per barrel versus the Oman/Dubai average, according to a document seen by Reuters on Wednesday.

The company set the Arab Light OSP to Northwestern Europe at a discount of $1.90 a barrel against ICE Brent, down $0.50 from January and to the United States at plus $0.75 per barrel over ASCI (Argus Sour Crude Index), up $0.20 from the previous month.

Reporting by Asha Sistla in Bengaluru and Rania El Gamal in Dubai;Editing by Elaine Hardcastle

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