dec 5, 2017 - Saudis Raise Crude Oil Prices To Asia

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Saudis Raise Crude Oil Prices To Asia

OPEC’s largest producer and exporter has lifted the price of its flagship Arab Light crude grade for Asian buyers by $0.40 a barrel for January compared to December, to a premium of $1.65 per barrel over the Dubai/Oman benchmark against which the Saudis price their oil to Asia, a source with knowledge of the pricing told Reuters on Tuesday.

The $1.65 Arab Light premium to Dubai/Oman is the highest in more than three years, since September 2014, according to Reuters data.

Saudis have raised the OSP for all their crude grades bound for Asia next month, Reuters’ source said.

https://oilprice.com/Energy/Oil-Prices/Saudis-Raise-Crude-Oil-Prices-To-Asia.html

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