Saudi Arabia reduces the official selling price for Arab Light crude to Asia in October

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The Saudi Aramco company logo on its oil facility in Abqaiq, Saudi Arabia, on October 12, 2019. Photo: Maxim Shimtov – Reuters.

DUBAI (Reuters) – Saudi Aramco lowered the official selling price of Arab Light crude to Asia in October by $ 1.40 a barrel, a document reviewed by Reuters showed on Saturday, by a discount of 50 cents a barrel against the average price of Oman and Dubai crude.

Aramco lowered the official selling price of Arab Light crude to northwestern Europe by two dollars a barrel below the Brent settlement price, down 20 cents from September.

Aramco set the official selling price for its Arab Light crude to the United States at a premium of $ 1.05 a barrel over the price of the Argus Sour Crude Index, down 60 cents compared to last month.

Prepared by Ahmed Hassan for the Arabic newsletter





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