December 4, 2018 / 3:17 PM / 6 months ago

UPDATE 1-Saudi Arabia cuts January Arab Light crude OSP for Asia

(Adds table)

VIENNA, Dec 4 (Reuters) - Saudi Aramco has cut its January price for its Arab Light grade for Asian customers by $1 a barrel versus December to a premium of $0.60 a barrel to the Oman/Dubai average, according to a document seen by Reuters on Tuesday.

The company raised its Arab Light OSP to Northwest Europe by 60 cents a barrel for January from the previous month at a discount of $1.60 to the ICE Brent.

The Arab Light OSP to the United States was set at a premium of $2.90 a barrel to the Argus Sour Crude Index (ASCI), up 50 cents from the previous month.

The tables below show the full FOB prices for January 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

JANUARY DECEMBER CHANGE

EXTRA LIGHT +4.80 +4.20 +0.60 LIGHT +2.90 +2.40 +0.50 MEDIUM +1.20 +0.70 +0.50 HEAVY +0.15 -0.45 +0.60 Prices at Ras Tanura destined for Northwest Europe are set against ICE Brent: NW EUROPE

JANUARY DECEMBER CHANGE EXTRA LIGHT -0.95 -1.15 +0.20 LIGHT -1.60 -2.20 +0.60 MEDIUM -2.85 -3.75 +0.90 HEAVY -4.00 -5.20 +1.20 Saudi term crude supplies to Asia are priced as a differential to the Oman/Dubai average: ASIA

JANUARY DECEMBER CHANGE SUPER LIGHT +2.75 +4.75 -2.00 EXTRA LIGHT +0.75 +2.25 -1.50 LIGHT +0.60 +1.60 -1.00 MEDIUM -0.05 +0.70 -0.75 HEAVY -0.65 -0.25 -0.40

Prices at Ras Tanura for Saudi oil destined for the Mediterranean are set against the ICE Brent: MEDITERRANEAN

JANUARY DECEMBER CHANGE EXTRA LIGHT -0.85 -1.45 +0.60 LIGHT -1.50 -2.20 +0.70 MEDIUM -2.45 -3.45 +1.00 HEAVY -3.20 -4.40 +1.20

Reporting by Rania El Gamal, Writing by Nafisa Eltahir; Editing by Kirsten Donovan and David Evans

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