July 6, 2020 / 6:21 AM / a month ago

Saudi Arabia raises August crude oil prices to Asia by $1 for all grades - sources

FILE PHOTO: General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo

SINGAPORE (Reuters) - Saudi Aramco has raised the August price for its flagship Arab Light grade for Asian customers by $1 (£0.8006) a barrel from July to a premium of $1.20 a barrel to the Oman/Dubai average, two sources told Reuters on Monday citing pricing documents.

The tables below show the full FOB prices for August in U.S. dollars. Saudi term crude supplies to Asia are priced as a differential to the Oman/Dubai average:

Crude AUGUST JULY CHANGE

Super Light 2.65 1.65 +1.00

Extra Light 1.20 0.20 +1.00

Light 1.20 0.20 +1.00

Medium 1.20 0.20 +1.00

Heavy 0.90 -0.10 +1.00

Reporting By Shu Zhang; Editing by Shri Navaratnam

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