The official selling price (OSP) for September-loading Arab Light to Asia was raised by 50 cents a barrel from August to $9.80 a barrel over Oman/Dubai quotes, state oil producer Saudi Aramco said on Thursday, exceeding the previous record of $9.35 per barrel set in May.
The OSP for Arab Extra Light was increased by 30 cents to $10.95 a barrel, and for Arab Medium, it was raised by 60 cents to $7.75 a barrel, both record levels.
Saudi Arabia set its Arab Light OSP to northwest Europe at plus $4.70 a barrel against ICE Brent for September and to the United States at $6.15 a barrel.
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