Saudi Arabia raises January Arab Light crude prices to Asia

The company set the Arab Light OSP to Northwestern Europe at minus $1.30 per barrel versus ICE Brent

  
An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Image used for illustrative purpose.

An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Image used for illustrative purpose.

REUTERS/Ahmed Jadallah

DUBAI- Saudi Arabia's state oil producer Aramco 2222.SE raised its January official selling price (OSP) to Asia for its flagship Arab Light crude to $3.30 a barrel versus Oman/Dubai crude, up $0.60 from December, the company said on Sunday.

The company set the Arab Light OSP to Northwestern Europe at minus $1.30 per barrel versus ICE Brent and to the United States at plus $2.15 per barrel over ASCI (Argus Sour Crude Index).

(Reporting by Nadine Awadalla; Editing by Lina Najem, Elaine Hardcastle) ((Nadine.Awadalla@thomsonreuters.com;))


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