Saudi Arabia raises price of crude to Asia

Saudi Aramco has raised its February price for its Arab Light grade for Asian customers by $0.60 a barrel versus January to a discount of $0.80 a barrel to the Oman/Dubai average, it said on Tuesday.

The company has kept its Arab Light official selling price (OSP) to the United States unchanged from the previous month at a premium of $0.15 a barrel to the Argus Sour Crude Index (ASCI).

The Northwest Europe was set at a discount of $4.85 a barrel to the Brent Weighted Average (BWAVE), down $0.60 from the previous month, Aramco said.

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