Saudi Aramco raises August oil prices

The oil giant set the August OSP for Asian customers at a premium of $1.20 per barrel

  
Spheroids under reconstruction are pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Image for illustrative purposes.

Spheroids under reconstruction are pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Image for illustrative purposes.

REUTERS/Maxim Shemetov

Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has raised the August official selling prices (OSP) for its Arab light crude oil sold to all markets, Reuters reported on Monday.

The oil giant set the August OSP for Asian customers at a premium of $1.20 per barrel (pb) to the Oman/Dubai average.

Meanwhile, the firm raised the August OSP of its Arab light crude oil sold to the US to a $1.65 pb premium to the Argus Sour Crude Index (ASCI).

Moreover, the OSP for Arab light crude oil delivered to Northwestern Europe was raised to a premium of $0.70 pb to Brent.

Source: Mubasher

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