Saudi Aramco has raised the July price for its Arab light grade for Asian customers by $0.35 a barrel setting it at a premium of $0.60 to the Oman/Dubai average, it said on Sunday. The state oil group lowered its July official selling price (OSP) for Arab light to north-west Europe by $0.35 a barrel to a discount of $4.80 a barrel to the Brent Weighted Average (BWAVE).
The Arab light OSP to the United States was up $0.20 at plus $0.55 a barrel to the Argus Sour Crude Index (ASCI).