Saudi Arabia increases Asia selling price of its Arab light crude in November

Saudi Arabia kept its November Arab light crude oil official selling price to the US at plus $2.95 versus ASCI. (File photo: AFP)

Saudi Arabia has set its November Arab light crude oil official selling price to Asia at plus $3 versus Oman/Dubai average, up 70 cents a barrel from October, according to a statement by state oil company Aramco on Thursday.

Aramco lowered its selling price for Arab light crude oil to Northwestern Europe to a discount of $2.85 a barrel to ICE Brent settlement, down $1.60 a barrel from the previous month.

Saudi Arabia kept its November Arab light crude oil official selling price to the US at plus $2.95 versus ASCI, unchanged from October.

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Last Update: Wednesday, 20 May 2020 KSA 09:54 - GMT 06:54
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