AI Summary
Saudi Aramco's oil tanks
Saudi Aramco set the official selling price (OSP) for its Arab Light crude for May delivery to North America at $3.60 per barrel above the Argus Sour Crude Index (ASCI).
For Western Europe, the Arab Light price was set at $2.55 per barrel above ICE Brent, according to a statement to Argaam.
The Arab Light crude grade was priced $2.35 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $1.20 above the average of the Oman and Dubai benchmarks, as shown below:
|
Arab Crude OSP for May 2025 ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+5.85 |
+3.60 |
+3.70 |
+3.25 |
|
West Europe |
-- |
+4.15 |
+2.55 |
+1.75 |
-0.65 |
|
East Asia |
+1.75 |
+1.00 |
+1.20 |
+0.65 |
-0.50 |
|
Europe (Mediterranean) |
-- |
+4.05 |
+2.35 |
+1.75 |
-0.95 |
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according to Argaam data.
The Arab Super Light crude is characterized by a density of more than 40, while the Arab Extra Light is characterized by a density ranging between 36 and 40. The Arab Light has a density between 32 and 36, the Arab Medium crude has a density between 29 and 32 degrees, and the Arab Heavy has a density of less than 29 degrees.
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