$4 drop in Saudi oil prices for Asian customers

According to the report of the International Economic Group of the Fars News Agency, quoted by Reuters, AramcoSaudi Oil Company announced that the country has reduced the official selling price (OSP) of its Arab light crude oil in Asia by nearly 4 dollars per barrel, which is the first price reduction in the last 4 months.

bigthe most The world oil exporter increased the price of its very light oil in this month, September, to an unprecedented level of $10.95 per barrel against the average of the Oman/Dubai index and increased the price of its light oil to $9.80 per barrel above the Oman/Dubai index. had been given.

Saudi Arabia set the price of its light oil for sale in northwest Europe in October $2.70 higher than the Brent oil benchmark.

At the same time, this company did not change the price of oil sold to America, and it remains the same 6.15 dollars higher than ASCI index oil.

The official selling price of Saudi oil is usually published on the fifth of every month, and it determines the pricing trend of crude oil from Iran, Kuwait and Iraq, and affects the price of 9 million barrels of oil that are sent to Asia daily.

Saudi oil company Aramcodetermines the oil price of this country based on the offers of customers and after calculating the change in the value of its oil and based on the profitability and price of oil products in the last month.

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