February 8, 2023

Oil producer Saudi Aramco said today that Saudi Arabia has cut its official selling prices for the main Arab light oil it sells to Asia in January to $3.25 a barrel above the Oman/Dubai average.

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The price is $2.2 per barrel below the official selling price in December.

According to Reuters, the largest oil exporter set the official selling price of Arab Light crude in northwestern Europe at $0.10 a barrel lower than the price of Brent crude in January, down $1.8 from its December price.

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The US official selling price was unchanged from last month at $6.35 above the January Argos Sour Crude index.

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