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Saudi Arabia raises August uncouth oil expert promoting costs for Asia

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:

ASIA

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

Our Standards: The Thomson Reuters Trust Solutions.

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