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KHOBAR, Saudi Arabia - Saudi Aramco has left its March price for Arab Light grade for Asian customers unchanged versus February at a premium of $1.65 per barrel to the Oman/Dubai average, it said on Sunday.
On Thursday, five traders at refineries and trading houses in a Reuters survey expected Saudi Arabia to keep prices of light crude grades it sells to Asia little changed in March, tracking stability in Middle East benchmark Dubai crude.
The company cut its Arab Light OSP to Northwest Europe by 55 cents for March to a discount of $1.75 per barrel to the ICE Brent.
The Arab Light OSP to the United States was set at a premium of $0.90 a barrel to the Argus Sour Crude Index (ASCI) for March, unchanged from the previous month.
The tables below show the full FOB prices for March in U.S. dollars.
Saudi term crude supplies to the United States are priced as a differential to the Argus Sour Crude Index (ASCI).
United States
MARCH FEBRUARY CHANGE
EXTRA LIGHT +3.10 +2.60 +0.50
LIGHT +0.90 +0.90 0.00
MEDIUM -0.70 -0.60 -0.10
HEAVY -1.95 -1.85 -0.10
Prices at Ras Tanura destined for Northwest Europe are set against ICE Brent:
NW EUROPE
MARCH FEBRUARY CHANGE
EXTRA LIGHT +0.45 +0.65 -0.20
LIGHT -1.75 -1.20 -0.55
MEDIUM -3.35 -2.55 -0.80
HEAVY -5.35 -4.20 -1.15
Saudi term crude supplies to Asia are priced as a differential to the Oman/Dubai average:
ASIA
MARCH FEBRUARY CHANGE
SUPER LIGHT +6.10 +5.95 +0.15
EXTRA LIGHT +3.25 +3.15 +0.10
LIGHT +1.65 +1.65 0.00
MEDIUM -0.20 +0.05 -0.25
HEAVY -1.55 -1.25 -0.30
Prices at Ras Tanura for Saudi oil destined for the
Mediterranean are set against the ICE Brent:
MEDITERRANEAN
MARCH FEBRUARY CHANGE
EXTRA LIGHT -0.15 +1.15 -1.30
LIGHT -2.35 -0.95 -1.40
MEDIUM -3.85 -2.35 -1.50
HEAVY -5.10 -3.40 -1.70
(Reporting by Reem Shamseddine; editing by Jason Neely) ((Reem.Shamseddine@thomsonreuters.com; +966503335202; Reuters Messaging: reem.shamseddine.thomsonreuters.com@reuters.net))
On Thursday, five traders at refineries and trading houses in a Reuters survey expected Saudi Arabia to keep prices of light crude grades it sells to Asia little changed in March, tracking stability in Middle East benchmark Dubai crude.
The company cut its Arab Light OSP to Northwest Europe by 55 cents for March to a discount of $1.75 per barrel to the ICE Brent.
The Arab Light OSP to the United States was set at a premium of $0.90 a barrel to the Argus Sour Crude Index (ASCI) for March, unchanged from the previous month.
The tables below show the full FOB prices for March in U.S. dollars.
Saudi term crude supplies to the United States are priced as a differential to the Argus Sour Crude Index (ASCI).
United States
MARCH FEBRUARY CHANGE
EXTRA LIGHT +3.10 +2.60 +0.50
LIGHT +0.90 +0.90 0.00
MEDIUM -0.70 -0.60 -0.10
HEAVY -1.95 -1.85 -0.10
Prices at Ras Tanura destined for Northwest Europe are set against ICE Brent:
NW EUROPE
MARCH FEBRUARY CHANGE
EXTRA LIGHT +0.45 +0.65 -0.20
LIGHT -1.75 -1.20 -0.55
MEDIUM -3.35 -2.55 -0.80
HEAVY -5.35 -4.20 -1.15
Saudi term crude supplies to Asia are priced as a differential to the Oman/Dubai average:
ASIA
MARCH FEBRUARY CHANGE
SUPER LIGHT +6.10 +5.95 +0.15
EXTRA LIGHT +3.25 +3.15 +0.10
LIGHT +1.65 +1.65 0.00
MEDIUM -0.20 +0.05 -0.25
HEAVY -1.55 -1.25 -0.30
Prices at Ras Tanura for Saudi oil destined for the
Mediterranean are set against the ICE Brent:
MEDITERRANEAN
MARCH FEBRUARY CHANGE
EXTRA LIGHT -0.15 +1.15 -1.30
LIGHT -2.35 -0.95 -1.40
MEDIUM -3.85 -2.35 -1.50
HEAVY -5.10 -3.40 -1.70
(Reporting by Reem Shamseddine; editing by Jason Neely) ((Reem.Shamseddine@thomsonreuters.com; +966503335202; Reuters Messaging: reem.shamseddine.thomsonreuters.com@reuters.net))
