State-owned Saudi Aramco has hiked the official selling prices for November-loading exports to the Asia Pacific for some grades. However, the company also reduces OSPs to buyers elsewhere. Prices of Arab Light, Extra Light, and Super Light heading to the Asia Pacific were raised by 10-30 cents/barrel compared with this month. Meanwhile, prices of Arab Medium and Heavy were unchanged for customers in Asia-Pacific.
Arab Medium and Heavy prices of November-loading shipments to Northwest European customers were reduced by 10 cents/barrel and 30 cents/barrel, respectively. For Mediterranean customers prices of all grades are cut by 30-50 cents/barrel. Meanwhile, most prices for US customers were held steady, except for Arab Extra Light which was cut by 10 cents/barrel.
Tags: AlwaysFree,Crude Oil,English,Middle East,Saudi Arabia
Published on October 7, 2020 1:10 PM (GMT+8)Last Updated on October 7, 2020 1:10 PM (GMT+8)
