Saudi Arabia maintains Arab Light crude prices to Asia for March

04/02/2018 Argaam

 

Saudi Arabia said it has kept Arab Light crude prices to Asia for March unchanged from the previous month, Reuters reported on Sunday.

 

The official selling price (OSP) for March Arab Light crude to Asia remained steady at a premium of $1.65 per barrel (bbl) versus Oman/Dubai average.

 

The Kingdom, however, cut the price for its Arab Light to Northwest Europe by $0.55 for March to a discount of $1.75 bbl to the ICE Brent.

 

The Arab Light OSP to the United States was unchanged at a premium of $0.90 bbl to the Argus Sour Crude Index (ASCI) for March, compared to the previous month.

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