November 5, 2018 / 12:03 PM / 5 months 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

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