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.

Saudi Arabia releases February crude prices
Saudi Arabia releases February crude prices   

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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