UPDATE 1-Saudi ups Dec light crude prices to US, Asia
(Adds details, table)
TOKYO, Nov 2 (Reuters) - Top oil exporter Saudi Aramco said it has raised the official selling price for its benchmark Saudi Light crude oil to U.S. clients in December by 85 cents a barrel to a discount of $3.75 below U.S. light crude WTI, its state oil company said on Sunday.
Saudi Aramco also raised the price of Arab Light to customers in Asia by 35 cents to the Oman/Dubai average plus $0.50 a barrel.
The following table details Saudi crude prices in dollars per barrel for the past three months.
Saudi term crude supplies to Asia are priced as a differential to the Oman/Dubai average:
Dec Nov Oct Change
for Dec Arab Super Light +1.30 +0.40 +1.10 +0.90 Arab Extra Light +1.25 +0.40 +0.85 +0.85 Arab Light +0.50 +0.15 +0.60 +0.35 Arab Medium -0.55 -0.45 -0.30 -0.10 Arab Heavy -1.45 -1.05 -0.90 -0.40
Saudi term crude supplies to the United States are priced as a differential to U.S. crude benchmark West Texas Intermediate:
Dec Nov Oct Change
for Dec Arab Extra Light -2.10 -3.35 -1.75 +1.25 Arab Light -3.75 -4.60 -2.90 +0.85 Arab Medium -5.20 -5.70 -4.00 +0.50 Arab Heavy -6.15 -6.20 -4.45 +0.05
Prices at Ras Tanura for Saudi oil destined for Northwest Europe are set against the ICE Brent crude weighted average (BWAVE):
Dec Nov Oct Change
for Dec Arab Extra Light -1.05 -1.10 -1.35 +0.05 Arab Light -1.80 -1.60 -1.80 -0.20 Arab Medium -3.00 -2.65 -2.95 -0.35 Arab Heavy -3.45 -2.80 -3.20 -0.65
Prices at Ras Tanura for Saudi oil destined for the Mediterranean are set against the ICE Brent crude weighted average (BWAVE):
Dec Nov Oct Change
for Dec Arab Extra Light -0.85 -1.00 -1.00 +0.15 Arab Light -1.80 -1.90 -1.90 +0.10 Arab Medium -2.80 -2.80 -3.25 0.00 Arab Heavy -3.60 -3.25 -3.70 -0.35 (Reporting by Osamu Tsukimori)
© Thomson Reuters 2009 All rights reserved
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