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UPDATE 1-Saudi Arabia raises July crude oil prices to Asia

Reuters

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(Adds table) DUBAI, June 2 (Reuters) - Saudi Aramco has raised its July price for its Arab Light grade for Asian customers by $0.60 a barrel versus June to a premium of $2.70 per barrel to the Oman/Dubai average, the state oil company said on Sunday. It cut its July Arab Light OSP for Northwest Europe, setting it at a discount of $1.10 a barrel to ICE Brent, down $1.10 a barrel from June. The Arab Light OSP to the United States was set at a premium of $2.75 a barrel to the Argus Sour Crude Index (ASCI) for July, down 30 cents a barrel from the previous month. The tables below show the full FOB prices for July in U.S. dollars. Saudi term crude supplies to the United States are priced as a differential to the Argus Sour Crude Index (ASCI). UNITED STATES July-June CHANGE EXTRA LIGHT +4.60 +4.30 +0.30 LIGHT +2.75 +3.05 -0.30 MEDIUM +1.15 +1.45 -0.30 HEAVY +0.30 +0.60 -0.30
Prices at Ras Tanura destined for Northwest Europe are set against ICE Brent: NW EUROPE July June CHANGE EXTRA LIGHT +0.45 +1.45 -1.00 LIGHT -1.10 0.00 -1.10 MEDIUM -2.45 -1.25 -1.20 HEAVY -4.00 -3.00 -1.00
Saudi term crude supplies to Asia are priced as a differential to the Oman/Dubai average: ASIA July June CHANGE SUPER LIGHT +4.85 +4.55 +0.30 EXTRA LIGHT +3.20 +2.70 +0.50 LIGHT +2.70 +2.10 +0.60 MEDIUM +1.95 +1.45 +0.50 HEAVY +0.75 +0.15 +0.60
Prices at Ras Tanura for Saudi oil destined for the Mediterranean are set against the ICE Brent: MEDITERRANEAN July June CHANGE EXTRA LIGHT +0.80 +0.80 0.00 LIGHT -0.10 +0.30 -0.40 MEDIUM -1.55 -1.45 -0.10 HEAVY -2.50 -2.30 -0.20


(Reporting by Rania El Gamal, writing by Hadeel Al Sayegh; editing by David Evans)

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