Saudi Aramco lowers Arab Light crude OSP to Asia in August

July 01, 2014 - 6:14:07 pm

LONDON: Saudi Aramco cut its August official selling price (OSP) for Arab Light crude oil to Asia by 20 cents a barrel to the Oman/Dubai average plus $2.05 a barrel, it said on Tuesday.

Saudi Aramco kept the Arab Light OSP to the United States unchanged at the Argus Sour Crude Index (ASCI) plus $3.65 a barrel.

The Arab Light OSP to Northwest Europe fell $1.65 a barrel to the Brent weighted average (BWAVE) minus $4.35 a barrel. (Reuters)