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Saudi Aramco said on Wednesday that the world’s largest crude exporter raised the official selling price of Arab light crude to Asia in September to $ 3 a barrel above the average crude price of Oman and Dubai.
Aramco has set the official selling price of its Arab Light crude to Northwest Europe at a discount of $ 1.70 per barrel against Brent on the Intercontinental Exchange for September, and has set the selling price official for the United States at a premium of $ 1.35 per barrel over the Argus index for high sulfur crudes.
Three knowledgeable sources said Saudi Arabia had raised the selling prices of all commodities to Asia for the second month in a row.
The sources said the official sale price of Arab Light crude rose 30 cents to $ 3 above the average price of Dubai crude on Platts and Omani crude on DME.
The price increase is in line with expectations of a Reuters survey on Friday.
Brent crude futures rose today, Wednesday, above the $ 72.4 per barrel level by 0.08%, while U.S. crude oil futures prices, Nymex , fell 0.16% to $ 70.45.
Yesterday, Brent crude prices topped $ 73 a barrel, before falling later in Tuesday’s trading.
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