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