Saudi Arabia raises July crude oil official selling prices for Asia

Top oil exporter Saudi Arabia has raised the July official selling prices (OSPs) of most crude grades it sells to Asia, a pricing document showed on Thursday.

It set the July OSP for the flagship Arab light crude at $1.90 a barrel above the Oman/Dubai average for Asia, up 20 cents from June.

Saudi Arabia set its Arab Light OSP to northwest Europe at a discount of $1.90 a barrel against ICE Brent for July, compared with a discount of $2.90 for June, according to a document seen by Reuters.


The OSP to the United States was set at a premium of $1.05 a barrel over Argus Sour Crude Index (ASCI), unchanged from June.

Saudi term crude supplies to Asia are priced as a differential to the Oman/Dubai average: ASIA

JUNE JULY CHANGE SUPER LIGHT +2.35 +2.85 +0.50 EXTRA LIGHT +1.50 +1.90 +0.40

LIGHT +1.70 +1.90 +0.20 MEDIUM +1.25 +1.35 +0.10 HEAVY +0.50 +0.40 -0.10

UNITED STATES (versus ASCI)

JUNE JULY CHANGE EXTRA LIGHT +1.80 +1.80 0.00 LIGHT +1.05 +1.05 0.00 MEDIUM +0.35 +0.35 0.00 HEAVY -0.10 -0.10 0.00 Prices at Ras Tanura destined for Northwest Europe are set against ICE Brent: NW EUROPE

JUNE JULY CHANGE EXTRA LIGHT -2.50 -1.10 +1.40 LIGHT -2.90 -1.90 +1.00 MEDIUM -3.30 -2.50 +0.80 HEAVY -3.90 -3.30 +0.60

Prices at Ras Tanura for Saudi oil destined for the Mediterranean are set against the ICE Brent: MEDITERRANEAN

JUNE JULY CHANGE EXTRA LIGHT -1.80 -0.70 +1.10 LIGHT -2.30 -1.40 +0.90 MEDIUM -2.80 -2.20 +0.60 HEAVY -3.60 -3.20 +0.40