Saudi Aramco sets Asia crude OSPs for August higher, Asia up $0.80-$1.00/b

London (Quantum Commodity Intelligence) - Saudi Aramco has increased all Official Selling Prices (OSPs) for August-loading crude oil Asia, Europe and the US, according to a document circulated to customers Tuesday.

For Aramco's key customer base in Asia, differentials for the flagship Arab Light grade were hiked by $0.80/barrel to Dubai/Oman +$2.70/b, while Arab Medium was also increased by $0.80/b to +$2.15/b.

Arab Super Light was increased by $1/b to +$3.85/b, while Extra Light was up $0.80/b to +$2.70.

Meanwhile, differentials for Europe were increased by $0.60-$0.80/b against Brent, while US was $0.20-$0.40/b up versus ASCI.