Saudi Aramco sets Arab Crude OSP for March
Saudi Aramco sets Arab Crude OSP for March
Saudi Aramco's oil tanks Saudi Aramcoset March official selling price (OSP) for its Arab Light crude to North America at $3.8 per barrel above the Argus Sour Crude Index (ASCI). The Arab Light price for buyers in West Europe has been set at $3.25 above the ICE Brent, according to a statement received by Argaam. The Arab Light crude grade was priced $3.15 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $3.9 above the average of the Oman and Dubai benchmarks, as shown below: ArabCrudeOSP forMarch2025($/barrel) Region Super Light Extra Light Light Medium Heavy North America -- +6.05 +3.80 +3.90 +3.45 West Europe -- +4.85 +3.25 +2.45 +0.05 East Asia +4.35 +4.90 +3.90 +3.25 +2.10 Europe (Mediterranean) -- +4.85 +3.15 +2.55 -0.15 Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according toArgaamdata. Arab Super Light crude is characterized by a density of more than 40, while Arab Extra Light has a density between 36 and 40. Arab Light has a density between 32 and 36, Arab Medium crude between 29 and 32, and Arab Heavy of less than 29.
