The Arab Light OSP to the United States was set at a premium of $2.85 a barrel to the Argus Sour Crude Index (ASCI) for next month, unchanged from the previous month.
Saudi Arabia's observed exports to China soared to 1.74 million barrels a day in previous month. Meanwhile, the kingdom's shipments to the US appear to have tumbled to 161,000 barrels a day, the lowest during that same period. It raised its September Arab Light OSP for Northwest Europe, setting it at a discount of $0.05 a barrel to ICE Brent, up $2.65 a barrel from August.
Saudi Arabia agreed in July to curb production for nine additional months alongside its OPEC+ partners. ARAMCO has increased their prices for all grades to buyers from Mediterranean , raising Light by $2.70 to a premium of 40 cents over the benchmark.
Vira Maritime