July 4, 2019 / 10:52 AM / 16 days ago

UPDATE 1-Saudi Arabia lowers August Arab Light crude OSP to Asia - document

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SINGAPORE, July 4 (Reuters) - Saudi Aramco has set the August official selling price (OSP) for Arab Light crude for sale to Asia at $2.45 a barrel above Oman-Dubai quotes, a document seen by Reuters showed on Thursday.

The price is 25 cents a barrel lower than the previous month.

The August OSP for Arab Super Light crude was set at a premium of $4.45 a barrel while the OSP for Arab Extra Light crude was at a premium of $2.65 a barrel.

Arab Medium crude’s OSP for August was at a premium of $1.75 a barrel and Arab Heavy was priced at a premium of 85 cents a barrel.

All the prices for Asia are set at differentials to the monthly average price of Platts Dubai and DME Oman. (Reporting by Florence Tan, writing by Roslan Khasawneh; editing by Christian Schmollinger and Susan Fenton)

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