Saudi Aramco’s oil tanks
Saudi Aramco set the official selling price (OSP) for its Arab Light crude for August delivery to North America at $4.6 per barrel above the Argus Sour Crude Index (ASCI). 
For Western Europe, the Arab Light price was set at $0.85 per barrel above the ICE Brent price, the oil giant said in a statement received by Argaam.
The Arab Light crude grade was priced at $0.65 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $1.5 below the average price for Oman and Dubai.
Arab Crude OSP for August 2026 ($/barrel)
Region
Super Light
Extra Light
Light
Medium
Heavy
North America
—
+ 5.95
+ 4.60
+ 3.40
+ 2.65
West Europe
—
+2.45
+ 0.85
+ 0.05
– 2.35
East Asia
+ 0.15
– 1.00
– 1.50
– 3.25
– 4.60
Europe (Mediterranean)
—
+2.35
+ 0.65
+ 0.05
– 2.65
Aramco produces five density-based grades of crude oil: Super Light (greater than 40 degrees), Arab Extra Light (36-40), Arab Light (32-36), Arab Medium (29-32), and Arab Heavy (below 29), according to Argaam data.
Saudi Aramco’s oil tanks
Saudi Aramco set the official selling price (OSP) for its Arab Light crude for August delivery to North America at $4.6 per barrel above the Argus Sour Crude Index (ASCI).
For Western Europe, the Arab Light price was set at $0.85 per barrel above the ICE Brent price, the oil giant said in a statement received by Argaam.
The Arab Light crude grade was priced at $0.65 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $1.5 below the average price for Oman and Dubai.
Arab Crude OSP for August 2026 ($/barrel)
Region
Super Light
Extra Light
Light
Medium
Heavy
North America
—
+ 5.95
+ 4.60
+ 3.40
+ 2.65
West Europe
—
+2.45
+ 0.85
+ 0.05
– 2.35
East Asia
+ 0.15
– 1.00
– 1.50
– 3.25
– 4.60
Europe (Mediterranean)
—
+2.35
+ 0.65
+ 0.05
– 2.65
Aramco produces five density-based grades of crude oil: Super Light (greater than 40 degrees), Arab Extra Light (36-40), Arab Light (32-36), Arab Medium (29-32), and Arab Heavy (below 29), according to Argaam data.
