(Repeats to additional subscribers)
June 4 (Reuters) - Top oil exporter Saudi Arabia has raised
the official selling price (OSP) of its flagship Arab Light
crude to Asia, but cut it to both the United States and Europe,
state-owned firm Saudi Aramco said on Monday.
The July OSP for Arab Light crude to buyers in Asia has been
set at the Oman/Dubai average plus $1.35 a barrel, up 20 cents
from $1.15 a barrel in June.
The Arab Light OSP to the United States has been cut by 15
cents, to the ASCI plus 35 cents a barrel, while prices of the
same crude to Northwest Europe were cut by 5 cents a barrel to
ICE Bwave minus $2.65 a barrel.
Below is a table showing the full FOB prices for July in
U.S. dollars. Saudi term crude supplies to Asia are priced as a
differential to the Oman/Dubai average:
ASIA
JULY JUNE CHANGE
SUPER +2.20 +2.50 -0.30
LIGHT
EXTRA +2.20 +2.45 -0.25
LIGHT
LIGHT +1.35 +1.15 +0.20
MEDIUM +0.05 -0.35 +0.40
HEAVY -1.05 -1.80 +0.75
Saudi term crude supplies to the United States are priced as
a differential to the Argus Sour Crude Index (ASCI).
UNITED STATES
JULY JUNE CHANGE
EXTRA +1.45 +2.25 -0.80
LIGHT
LIGHT +0.35 +0.50 -0.15
MEDIUM -1.80 -1.85 +0.05
HEAVY -3.40 -3.60 +0.20
Prices at Ras Tanura destined for Northwest Europe are set
against Brent crude weighted average (BWAVE):
NW EUROPE
JULY JUNE CHANGE
EXTRA -1.20 -1.00 -0.20
LIGHT
LIGHT -2.65 -2.60 -0.05
MEDIUM -4.15 -4.40 +0.25
HEAVY -6.20 -6.65 +0.45
Prices at Ras Tanura for Saudi oil destined for the
Mediterranean are set against the BWAVE:
MEDITERRANEAN
JULY JUNE CHANGE
EXTRA -0.70 +0.30 +1.00
LIGHT
LIGHT -2.25 -2.10 -0.15
MEDIUM -3.20 -3.45 +0.25
HEAVY -5.05 -5.65 +0.60
(Reporting by Reem Shamseddine and David Sheppard; Editing by
Bernard Orr and M.D. Golan)