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.
Here’s a look from Saulsbury Industries, Superior Energy Systems and Vaquero Midstream executives at what’s happening with terminals, rail, trucking plus more in the Permian Basin.
Watch the presentation given at Hart Energy's DUG East conference and exhibition where the experts define demand for Appalachian gas supply.
Looking to build a long-term company in a solid basin with good full-cycle margins, this new E&P chose the Ohio Utica with a $2-billion deal.