Saturday , October 23 2021

Source: Saudi Arabia Reduces Light Arab Oil for Asian Shipments for December



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DUBAI (Reuters) – Aramco said on Monday it cut its barrel of light oil to Asian consumers by 10 cents a barrel from November to $ 1.60 a barrel above the Omani / Dubai average.

The national oil company raised the official Arab oil sales price to Northwest Europe by 50 cents in December to become a $ 2.20 per barrel Brent crude discount on the Intercontinental Stock Exchange. Arab Light's official sales price to the United States was set at $ 2.40 per barrel above the Argus index for high sulfur oil in December, an increase of $ 1.40 a barrel in month.

(Prepared by Alaa Rushdi for publication in Arabic – edited by Ahmed Elhamy)

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