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Saudi Aramco price changes:
- 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 decreased by 60 cents and 70 cents per barrel, respectively.
- Medium and Heavy Arabic OSPs decreased 70 cents per barrel each.
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North American Prices:
- Arabian light crude OSP settled at $3.80 per barrel above the Argus Sour Crude Index.
- The Arab Light price differential for customers in Western Europe is set at $1.25 below ICE Brent,
More will be found at the link here.
Includes comments on price forecasts:
- Bank of America expects Brent to average $65 per barrel in 2025 with demand growth of 1 million bpd.
- HSBC is forecasting a smaller oil market surplus of 0.2 million bpd compared to a previous estimate of 0.5 million bpd.
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- Green is added to the benchmark
- Red is removed from
This article was written by Eamonn Sheridan at www.forexlive.com.
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