Oil ICYMI – Saudi Aramco reduced January 2025 pricing for Arab Light crude oil for Asia

• Saudi Aramco Price Adjustments:

  • January 2025 official selling price (OSP) for Arab Light crude in Asia cut by 80 cents to $0.90 per barrel above the regional benchmark.
  • Arab Extra Light and Super Light OSPs reduced by 60 cents and 70 cents per barrel, respectively.
  • Arab Medium and Heavy OSPs reduced by 70 cents per barrel each.

• North American Pricing:

  • Arab Light crude OSP set at $3.80 per barrel above the Argus Sour Crude Index.
• Arab Light price differential for buyers in West Europe has been set at $1.25 below the ICE Brent,

More can be found at the link here.

Including comments on pricing outlooks:

• Bank of America predicts Brent to average $65 per barrel in 2025 with demand growth of 1 million bpd.
• HSBC forecasts a smaller oil market surplus of 0.2 million bpd versus a previous 0.5 million bpd estimate.

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Aramco January 2025 pricing

• Green is added to benchmark
• Red is subtracted from

This article was written by Eamonn Sheridan at www.forexlive.com.