Riyadh– Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) raised its February official selling price (OSP) for its Arab Light crude to Asia by $0.70 per barrel, setting it at plus $1 per barrel versus the Oman/Dubai average, Reuters said citing a document.
The Saudi state oil producer set the Arab Light OSP to Northwestern Europe at a discount of $1.90 a barrel against ICE Brent, a drop of $0.50 when compared to January
Moreover, it set the Arab Light OSP to the US at plus $0.75 per barrel over Argus Sour Crude Index (ASCI), up by $0.20 on a monthly basis.
