Saudi Aramco set its official selling prices (OSPs) for Arab crude grades in major markets for December 2026, keeping the price of Arab Light crude for North America unchanged at a premium of $4.60 per barrel over the Argus price.
For Northwest Europe, Aramco set the OSP for Arab Light at a discount of $0.15 per barrel to Brent, down $1 per barrel from November.
For the Mediterranean market, the company set the Arab Light OSP at a discount of $0.35 per barrel to Brent.
In Asia, the discount was set at $7 per barrel to the average of Oman and Dubai prices, narrowing by $2 per barrel from the previous month.
Arab crude official selling price differentials (per barrel) – December 2026
Market
Extra Light
Super Light
Light
Medium
Heavy
North America
—
+5.95
+4.60
+3.40
+2.65
Northwest Europe
—
+1.45
-0.15
-0.95
-3.35
Asia
-5.35
-6.50
-7.00
-8.00
-9.35
Mediterranean
—
+1.35
-0.35
-0.95
-3.65
According to Argaam data, Aramco produces five main crude grades: Arab Super Light, Arab Extra Light, Arab Light, Arab Medium, and Arab Heavy.
Arab Super Light crude has an API gravity of above 40 degrees, while Arab Extra Light has an API gravity of 36 to 40 degrees.
Arab Light has an API gravity of 32 to 36 degrees, Arab Medium ranges from 29 to 32 degrees, and Arab Heavy has an API gravity of below 29 degrees.
Saudi Aramco set its official selling prices (OSPs) for Arab crude grades in major markets for December 2026, keeping the price of Arab Light crude for North America unchanged at a premium of $4.60 per barrel over the Argus price.
For Northwest Europe, Aramco set the OSP for Arab Light at a discount of $0.15 per barrel to Brent, down $1 per barrel from November.
For the Mediterranean market, the company set the Arab Light OSP at a discount of $0.35 per barrel to Brent.
In Asia, the discount was set at $7 per barrel to the average of Oman and Dubai prices, narrowing by $2 per barrel from the previous month.
Arab crude official selling price differentials (per barrel) – December 2026
Market
Extra Light
Super Light
Light
Medium
Heavy
North America
—
+5.95
+4.60
+3.40
+2.65
Northwest Europe
—
+1.45
-0.15
-0.95
-3.35
Asia
-5.35
-6.50
-7.00
-8.00
-9.35
Mediterranean
—
+1.35
-0.35
-0.95
-3.65
According to Argaam data, Aramco produces five main crude grades: Arab Super Light, Arab Extra Light, Arab Light, Arab Medium, and Arab Heavy.
Arab Super Light crude has an API gravity of above 40 degrees, while Arab Extra Light has an API gravity of 36 to 40 degrees.
Arab Light has an API gravity of 32 to 36 degrees, Arab Medium ranges from 29 to 32 degrees, and Arab Heavy has an API gravity of below 29 degrees.
