Saudi Arabia lowered October official selling prices (OSPs) for its flagship Arab light crude it sells to Asia by nearly $4 a barrel, marking the first reduction in four months, the country’s state oil producer Aramco said.

The world’s top oil exporter raised September OSPs to record high levels of $10.95 a barrel for Arab Extra Light against the Oman/Dubai average and $9.80 a barrel for Arab Light.

Saudi Arabia also lowered its Arab Light OSP to northwest Europe at $2.70 a barrel against ICE Brent for October, while leaving it unchanged to the United States at $6.15 versus ASCI.
Source: Reuters