Business News

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

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.

for the latest on the markets.