DUBAI--Saudi Arabia has cut its September price for its Arab Light grade for Asian customers by 75 cents/bbl versus August to a premium of $1.70/bbl to the Oman/Dubai average, state oil company Aramco said on Aug. 4.
It raised its September Arab Light OSP for Northwest Europe, setting it at a discount of $0.05 a barrel to ICE Brent, up $2.65/bbl from August.
The Arab Light OSP to the United States was set at a premium of $2.85/bbl to the Argus Sour Crude Index (ASCI) for September, unchanged from the previous month.
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