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Home ENERGY

Saudi Arabia lowers February Arab Light crude prices to Asia

by Newsroom Editor
January 5, 2023
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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…



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Tags: ENERGYMiddle EastOILSaudi Arabia
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