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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…

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Tags: KINDER, MORGAN, ENERGY, OIL, GAS
Chronicle:
ARAMCO'S OIL PRICING
2020, April, 6, 14:00:00
WORLDWIDE RIG COUNT DOWN 161 TO 1,964
The worldwide rig count for February 2020 was 2,125, up 52 from the 2,073 counted in January 2020, and down 181 from the 2,306 counted in February 2019.
ARAMCO'S OIL PRICING
2020, April, 6, 13:55:00
U.S. RIGS DOWN 64 TO 664
U.S. Rig Count is down 64 rigs from last week to 664, Canada Rig Count is down 13 rigs from last week to 41
ARAMCO'S OIL PRICING
2020, April, 3, 12:20:00
OIL PRICE: NEAR $31
Brent gained 3.64% to $31.03, WTI fell 0.83% to $25.11.
ARAMCO'S OIL PRICING
2020, April, 3, 12:15:00
OPEC+ DISCUSSES REDUCTION
The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day
ARAMCO'S OIL PRICING
2020, April, 3, 12:10:00
#OilPriceWar: SAUDI ARABIA CALLS OPEC+
"It's impossible to take measures to reduce OPEC+ production by 20 million b/d, this is probably half of all countries' total production," Novak said
ARAMCO'S OIL PRICING
2020, April, 3, 12:05:00
#OilPriceWar: OPEC+ NOT ENOUGH
Russian energy minister Alexander Novak said a coordinated OPEC+ production cut would not be enough to compensate for the fall in demand caused by the coronavirus pandemic, which he said could reach 20 million b/d.
ARAMCO'S OIL PRICING
2020, April, 3, 12:00:00
#OilPriceWar: RUSSIA'S OIL PRICE $20
Urals crude, Russia’s export blend, is now trading firmly below $20 a barrel, a level which could equate to a budget deficit of 2% of gross domestic product this year,
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