• Refine News & Events…
  • Department
  • Commodity (All)
  • Date
  • Archive

Links to previous press releases are below.

News X

Saudi Arabia lowers Arab Light OSP for Asian refiners

Oil

Saudi Arabia has lowered the official selling price (OSP) of Arab Light crude oil (its benchmark grade) in August for Asian refiners by 10 cents per barrel m-o-m to a discount of $0.10/bbl to the Oman/Dubai average, Reuters reports. The OSP for Northwest European refiners was increased by 25 cents per barrel m-o-m to a discount of $2.65/bbl to the Brent Weighted Average. Prices for US refiners were unchanged from July at a premium of $1.55/bbl to the Argus Sour Crude Index.