Saudi Aramco sets Arab Crude OSP for April
Saudi Aramco set April official selling price (OSP) for its Arab Light crude to North America at $3.8 per barrel above the Argus Sour Crude Index (ASCI).
The Arab Light price for buyers in West Europe has been set at $3.05 above the ICE Brent, according to a statement to Argaam.
The Arab Light crude grade was priced $2.85 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $3.50 above the average of the Oman and Dubai benchmarks, as shown below:
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according to Argaam data.
The Arab Super light crude is characterized by a density of more than 40, while the Arab Extra light is characterized by a density ranging between 36 and 40. The Arab Light has a density between 32 and 36, the Arab Medium crude has a density between 29 and 32 degrees, and the Arab Heavy has a density of less than 29 degrees.
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