Usual peek of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May possibly maybe 21, 2018. REUTERS/Ahmed Jadallah
SINGAPORE, July 6 (Reuters) – High oil exporter Saudi Arabia has raised the August expert promoting costs (OSPs) of all uncouth grades it sells to Asia, a pricing document seen by Reuters showed on Tuesday.
It build the August OSP for the flagship Arab light uncouth at $2.70 a barrel above the Oman/Dubai practical for Asia, up 80 cents from July.
Saudi term uncouth affords to Asia are priced as a differential to the Oman/Dubai practical:
AUGUST JULY CHANGE
SUPER LIGHT +3.85 +2.85 +1.00
EXTRA LIGHT +2.70 +1.90 +0.80
LIGHT +2.70 +1.90 +0.80
MEDIUM +2.15 +1.35 +0.80
HEAVY +1.20 +0.40 +0.80
Reporting by Shu Zhang, enhancing by Louise Heavens
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