News

Saudi’s Asia selling price for Arab light crude unchanged

lamis1

Saudi Arabia hasset its February Arab light crude oil official selling price to Asia ata premium of $3.70 versus the Oman/Dubai average, unchanged from January,according to a statement from state oil company Aramco on Thursday.

Aramco lowered itsselling price for Arab light crude oil to Northwestern Europe to a discount of$4.05 a barrel to ICE Brent, down $2.20 a barrel from the previous month.

Saudi Arabia setits February Arab light crude oil official selling price to the United Statesat a premium of $3.55 a barrel versus ASCI, up 20 cents a barrel fromJanuary.