Saudi Aramco’s oil tanks
Saudi Aramco set November official selling price (OSP) for its flagship Arab Lightcrude toNorth America at $3.90 per barrel, above the Argus Sour Crude Index (ASCI). 
The Arab Light price differential for buyers in West Europe has been set at $0.45 above the ICE Brent, according to an emailed statement from Aramco.
The Arab Light crude grade was priced $0.55belowthe ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $2.20 above the average of the Oman and Dubai benchmarks.
ArabCrudeOSP forNovember 2024($/barrel)
Region
Super Light
Extra Light
Light
Medium
Heavy
North America
—
+6.15
+3.90
+4.40
+4.05
West Europe
—
+1.15
– 0.45
– 1.25
– 3.65
East Asia
+2.95
+2.00
+2.20
+1.35
+0.20
Europe (Mediterranean)
—
+1.15
– 0.55
– 1.15
– 3.85
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according toArgaamdata.
The Arab Super light crude is characterized by a density of more than 40, while the Arab Extra light is characterized by a density ranging between 36 and 40. The Arab Light has a density between 32 and 36, the Arab Medium crude has a density between 29 and 32 degrees, and the Arab Heavy has a density of less than 29 degrees.
Saudi Aramco’s oil tanks
Saudi Aramco set November official selling price (OSP) for its flagship Arab Lightcrude toNorth America at $3.90 per barrel, above the Argus Sour Crude Index (ASCI).
The Arab Light price differential for buyers in West Europe has been set at $0.45 above the ICE Brent, according to an emailed statement from Aramco.
The Arab Light crude grade was priced $0.55belowthe ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $2.20 above the average of the Oman and Dubai benchmarks.
ArabCrudeOSP forNovember 2024($/barrel)
Region
Super Light
Extra Light
Light
Medium
Heavy
North America
—
+6.15
+3.90
+4.40
+4.05
West Europe
—
+1.15
– 0.45
– 1.25
– 3.65
East Asia
+2.95
+2.00
+2.20
+1.35
+0.20
Europe (Mediterranean)
—
+1.15
– 0.55
– 1.15
– 3.85
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according toArgaamdata.
The Arab Super light crude is characterized by a density of more than 40, while the Arab Extra light is characterized by a density ranging between 36 and 40. The Arab Light has a density between 32 and 36, the Arab Medium crude has a density between 29 and 32 degrees, and the Arab Heavy has a density of less than 29 degrees.
