Aramco raises US selling price for June

04 May 2015

State-owned oil major also offered discounts for some blends to Asian customers

Saudi Aramco has increased its differentials for selling crude oil to the US by $0.80 a barrel for its official selling price for June.

Aramco also raised June premiums for super and extra light grades to Asian customers, but further discounted Arab medium by $0.40 a barrel, making it $.0.55 a barrel cheaper than the average of Oman and Dubai grades, the Gulf’s two benchmarks according to Bloomberg.

Most of the Gulf’s crude oil is sold to long-term customers usually from the refining sector.

Stay informed with the latest in the Middle East
Download the MEED app today, available on Apple and Android devices

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications