Saudis Cut Some Differentials

摘要

State-owned Saudi Aramco cut differentials to the Asian market for all crude grades for Ju- ly, but increased them in the other markets, particularly in the Mediterranean and Europe. In Asia, Aramco reduced differentials of all grades across the board with the lighter grades attracting the biggest cuts versus the previous month. Differentials of Arab Super Light and Extra Light fell by 95￠ to a $1.25/bbl premium above Oman/Dubai av- erage and by 70￠ to 65￠ above Oman/Dubai,respectively. The heavier grade Arab Medium was cut by 15￠ and Arab Heavy received a 5￠ reduction.