Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has increased the January price for its Arab light crude to Asia to $0.30 a barrel over Oman/Dubai crude, up $0.80 from December, Reuters said on Sunday citing a company document.

The Saudi oil giant has also set the January official selling price (OSP) of its Arab light crude oil to the US at plus $0.55 a barrel over Argus Sour Crude Index (ASCI), down $0.30 a barrel when compared to the previous month.

Moreover, it set its OSP for Arab light crude oil to Northwestern Europe to minus $1.40 a barrel to ICE Brent.