Saudi Arabia raises official January crude price to Asia

DUBAI: Saudi Arabian state oil giant Aramco has raised the January price for its Arab light crude to Asia to $0.30 a barrel over Oman/Dubai crude, up $0.80 from December, a company document showed.

It has also set the January OSP of its Arab light crude oil to the United States at plus $0.55 a barrel over ASCI (Argus Sour Crude Index), down $0.30 a barrel from December, according to the document.

Aramco also set its OSP for Arab light crude oil to Northwestern Europe to minus $1.40 a barrel to ICE Brent.

Must Read

Education, economy, and democracy

One of the defining features of democracy, and an economy, is the quality of education, and the extent of children in schools. In fact,...

The Mega Deal

Ordeal in Bishkek