Aramco Increases May Light Crude Price

Aramco Increases May Light Crude Price

Saudi Aramco has increased the price for its Arab Light Crude to Northwest Europe in May by $1.10 per barrel, up from a discount of $0.80 in April to ICE Brent, Reuters reported.

Aramco has increased the May price for Asian customers to a premium of $1.40 per barrel to the Oman/Abu Dhabi average.

Moreover, the company has risen the May price for the US to a premium of $3.15 per barrel to the Argus Sour Crude Index (ASCI).

Dina Elbehiry 642 Posts

Graduated from Faculty of Economics and Political Science- Cairo University.
Having an Economic background and currently working for Egypt Oil & Gas.

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