Saudi Arabia Raises Crude Price to Asian Customers

January 5, 2016 Share Print 0

Saudi Aramco has raised its February price for its Arab Light grade for Asian customers by $0.60 a barrel versus January to a discount of $0.80 a barrel to the Oman/Dubai average, it said on Tuesday.

The company has kept its Arab Light official selling price (OSP) to the United States unchanged from the previous month at a premium of $0.15 a barrel to the Argus Sour Crude Index (ASCI).

The Northwest Europe was set at a discount of $4.85 a barrel to the Brent Weighted Average (BWAVE), down $0.60 from the previous month, Aramco said.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.