Saudi Arabia hikes crude price to US, Europe; follows higher sour differentials

摘要

New York-Saudi Arabia has raised the prices for its crudes loading in March and bound for the US and Europe, likely in response to higher sour crude differentials and fuel oil crack spreads on both sides of the Atlantic, industry sources said February 4. Saudi Aramco on February 4 raised prices for US-bound crudes in March by $3- $4.70/barrel, market sources said. The Extra Light official selling price was hiked $3.75/b to WTI plus $2.15/b, while the Arab Light price was increased $3/b to WTI plus $1/b.