Saudi Arabia raises August’s Crude Oil Selling Prices

Saudi Arabia raises August’s Crude Oil Selling Prices

Saudi Arabia has increased its crude oil official selling prices (OSP) for August, Reuters reported.

Accordingly, heavy, medium, and light crude oil intended for Asia will increase $0.8 per barrel – compared to July prices.

Also, super light crude oil will be raised by $1/b, S&P Global Platts said.

Meanwhile, all grades of crude oil OSP for Northern Europe will go up by $0.8/b.

OSPs of light crude oil sold for the Mediterranean countries will rise as well by $0.6 per barrel, while heavy crude oil OSP’s will increase by $0.7/b.

Furthermore, the kingdom will increase OSPs of US-bound crude oil OSPS by $0.2/b.

Sarah Samir 2754 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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