Saudi Arabia lowers February Arab Light crude prices to Asia

Saudi Arabia lowered the February official selling prices (OSPs) for the flagship Arab light crude it sells to Asia to plus $1.80 a barrel versus the Oman/Dubai average, the country’s state oil producer Aramco said on Thursday.

The price is $1.45 a barrel less than the January OSP. The top oil exporter set its Arab Light OSP to northwest Europe at minus $1.50 a barrel against ICE Brent for February, $1.40 a barrel lower than its price for…