November 5, 2018 / 12:03 PM / 14 days ago

Saudi Arabia cuts December Arab Light crude oil price to Asia

DUBAI, Nov 5 (Reuters) - Saudi Aramco has cut its December price for its Arab Light grade for Asian customers by 10 cents per barrel versus November to a premium of $1.60 a barrel to the Oman/Dubai average, the state oil company said on Monday.

It raised its Arab Light OSP to Northwest Europe by 50 cents for December from the previous month to a discount of $2.20 a barrel to the ICE Brent.

The Arab Light OSP to the United States was set at a premium of $2.40 a barrel to the Argus Sour Crude Index (ASCI) for December, up $1.40 a barrel from the previous month.

Reporting by Rania El Gamal; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below