Saudi Aramco's oil tanks
Saudi Aramco set March 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 $3.25 above the ICE Brent, according to a statement received by Argaam.
The Arab Light crude grade was priced $3.15 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $3.9 above the average of the Oman and Dubai benchmarks, as shown below:
|
Arab Crude OSP for March 2025 ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+6.05 |
+3.80 |
+3.90 |
+3.45 |
|
West Europe |
-- |
+4.85 |
+3.25 |
+2.45 |
+0.05 |
|
East Asia |
+4.35 |
+4.90 |
+3.90 |
+3.25 |
+2.10 |
|
Europe (Mediterranean) |
-- |
+ 4.85 |
+3.15 |
+2.55 |
-0.15 |
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according to Argaam data.
Arab Super Light crude is characterized by a density of more than 40, while Arab Extra Light has a density between 36 and 40.
Arab Light has a density between 32 and 36, Arab Medium crude between 29 and 32, and Arab Heavy of less than 29.
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