Aramco: Saudi Arabia Will Raise Crude Prices to Asia in September

Saudi Aramco said on Wednesday that the kingdom, the world’s largest crude exporter, raised the official selling price of Arab Light crude to Asia in September to $3 a barrel above the average price of Oman and Dubai crudes.

Aramco set the official selling price for its Arab Light crude to Northwest Europe at a discount of $1.70 a barrel to Brent on the Intercontinental Exchange for the month of September, and also set the official selling price for the United States at a premium of $1.35 a barrel over the Argus index of high sulfur crudes. According to Reuters