Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Saudi Arabia Raises August Oil Prices for Asia


Wed 07 Jul 2021 | 02:55 AM
Taarek Refaat

Aramco said on Tuesday that Saudi Arabia has raised its August official selling prices for all grades of crude it sells to Asia.

It set the August price for crude at $2.70 a barrel above the Oman/Dubai average for Asia, 80 cents higher than July.

Aramco said that Saudi Arabia set the official selling price (OSP) for Northwest Europe at a discount of $1.10 per barrel against, compared to a discount of $1.90 in July.

The US OSP was set at a premium of $1.25 a barrel over the Argus Sour Crude Index (ASCI), up $0.20 from July.