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Saudi Arabia has set the official selling price of May Arab Light crude oil to Asia at a record premium of $19.50 a barrel above the Oman/Dubai average, an increase of $17 from the previous month, a pricing document reviewed by Reuters shows.
Below are Saudi prices to Asia-Pacific (in $/bbl against the Oman/Dubai average):
________________ April / May / Change
Arabian Super ______ +4.15 +21.15 +17.00
Light Arab Extra ____ +3.00 +20.00 +17.00
Light Arab Light ____ +2.50 +19.50 +17.00
Arab Medium ______ +0.75 +17.75 +17.00
Arab Heavy _______ -0.60 +16.40 +17.00
