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Saudi Arabia cuts September crude oil prices to Asia

Published: Updated:

Saudi Arabia has cut its September price for its Arab Light grade for Asian customers by $0.75 a barrel versus August to a premium of $1.70 per barrel to the Oman/Dubai average, state oil company Aramco said on Sunday.

It raised its September Arab Light OSP for Northwest Europe, setting it at a discount of $0.05 a barrel to ICE Brent, up $2.65 a barrel from August.

The Arab Light OSP to the United States was set at a premium of $2.85 a barrel to the Argus Sour Crude Index (ASCI) for September, unchanged from the previous month.