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UPDATE 1-Saudi ups Dec light crude prices to US, Asia

Mon Nov 2, 2009 5:58am IST
 
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 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)




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