Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-08-11 18:20:00

ARAMCO'S OIL PRICING

ARAMCO'S OIL PRICING

Saudi Arabia produces and sells its crude oil via Saudi Aramco, its state-owned oil company. Like many such companies, Saudi Aramco sells its oil to long-term customers at an official selling price (OSP). Saudi Aramco adjusts the OSP monthly based on specific conditions in different regions of the world.

For example, refiners in the United States that import Arab Light crude oil this month will expect to pay the Argus Sour Crude Index (ASCI) price plus a differential of +$3.65/barrel. While differentials to the United States have not changed from July to August, Aramco has reduced its differentials for other destinations, especially Europe. According to Arab Oil & Gas, these reductions reflect the anticipated reopening of the Ras Lanuf and Es Sider terminals in Libya, which could increase that country's crude oil exports by 500,000 barrels per day. They also reflect the intention for Saudi oil to remain competitive in southern European markets.

Saudi Aramco's OSP is calculated on a differential to a crude benchmark based on destination and crude quality, taking into account product yields and local market conditions. Each month, Saudi Aramco publishes these differentials, which determine the OSP for the following month.

  • Asia. For crude oil exported to Asia, the OSP is a differential to the average of Dubai and Oman crude prices published by the pricing agency Platts.
  • Europe. Crude oil exported to Europe and the Mediterranean has an OSP based on the Brent Weighted Average (BWAVE) published by IntercontinentalExchange.
  • United States. Crude oil exported to the United States has an OSP based on the Argus Sour Crude Index (ASCI), which is a price index based on crude oil produced from oil fields (Mars, Southern Green Canyon, and Poseidon) in the U.S. Gulf Coast.

In 2013, Saudi Arabia produced 9.7 million barrels of crude oil per day with a total liquid fuels production of 11.6 million barrels per day, ranking it the second-largest producer in the world after the United States. Saudi Arabia exported more than 1.3 million barrels of oil per day to the United States in 2013, which represented 17% of total U.S. crude oil imports.

eia.gov

Tags: KINDER, MORGAN, ENERGY, OIL, GAS

Chronicle:

ARAMCO'S OIL PRICING
2017, December, 18, 12:20:00

AUSTRALIA STOPS COAL

PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.

ARAMCO'S OIL PRICING
2017, December, 18, 12:15:00

EXXON - PETROBRAS ALLIANCE

Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

ARAMCO'S OIL PRICING
2017, December, 18, 12:10:00

EXXON BOUGHT MOZAMBIQUE

ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

ARAMCO'S OIL PRICING
2017, December, 18, 12:05:00

U.S. RIGS DOWN 1 TO 930

U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.

All Publications »