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Jan 04 2012

* Saudi Aramco May Announce Sharp Cuts In February Crude OSP To Asia -Sources

Wednesday, Jan 04, 2012

(MORE TO FOLLOW) Dow Jones Newswires

04-01-12 0916GMT

Saudi Aramco May Announce Sharp Cuts In February Crude OSP To Asia -Sources

Wednesday, Jan 04, 2012

SINGAPORE (Dow Jones)--Saudi Arabian Oil Co., or Saudi Aramco , may announce deeper cuts than expected to its February crude official selling price to Asia, two oil industry sources said Wednesday.

Saudi Aramco executives weren't immediately available for comment.

The oil major may set the Arab Light OSP at $2.05 above the average of Oman and Dubai assessments for February term supply to Asia, down $2.10 from the previous month, the sources, who didn't wish to be named, said.

-By Gurdeep Singh, Dow Jones Newswires; 65-6415 4064; gurdeep.singh@dowjones.com

(END) Dow Jones Newswires

04-01-12 0921GMT

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