State-owned Saudi Arabian Oil Co., known as Aramco,
cut the official selling price for its April crude oil term supply to northwest
Europe
and the
Mediterranean
, it said in an official notice Tuesday.
Price formulas, in dollars a barrel, are as follows:
To the
U.S.
, as a differential to Argus Sour Crude Index:
Crude April March Change
Extra Light +2.45 +2.80 -0.35
Light +0.70 +0.85 -0.15
Medium -1.80 -1.80 -0.00
Heavy -3.60 -3.90 +0.30
To northwest
Europe
, as a differential to the Brent Weighted Average or BWave:
Crude April March Change
Extra Light -0.50 +1.40 -1.90
Light -3.10 -1.00 -2.10
Medium -5.10 -3.15 -1.95
Heavy -6.90 -5.85 -1.05
To
Asia
, as a differential to the Oman-Dubai average:
Crude April March Change
Super Light +5.95 +5.95 0.00
Extra Light +3.20 +3.75 -0.55
Light +1.30 +1.95 -0.65
Medium -0.90 -0.15 -0.75
Heavy -3.20 -2.40 -0.80
To the
Mediterranean
, as a differential to the Brent Weighted Average or BWave:
Crude April March Change
Extra Light -0.25 +1.90 -2.15
Light -2.85 -0.50 -2.35
Medium -4.85 -2.75 -2.10
Heavy -7.35 -5.35 -2.00