Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Dubai Financial Market index shoots past 6000 mark in new 17-year high
- Gold price drops Dh5 in UAE: Shoppers see bigger declines in the coming days
- Saudi Arabia's retail real estate growth prospects strong: S&P Global
- Closing Bell: Saudi bourses end week in red at 11,007
- Saudi MSME lending surges 31% in Q1 amid digital optimism and financial reform
- Dubai: Indian, Emirati, Pakistani investors lead in tokenised property deals
- QSE index closes lower
- Hamad Port handles 133,112 TEUs container volumes, RORO sees 48% increase in June
- Bahrain All Share Index marks 1,946.83 points
- Youth-led businesses in Saudi Arabia account for over a third of all commercial registrations
07/07/2025 02:51 AST
Saudi Aramco has raised its official selling price for its flagship Arab Light crude oil destined for Asia in August, the company confirmed in an official statement on Sunday.
The state-owned company raised the price of its benchmark oil to $2.20 per barrel above the average of Oman and Dubai crude prices.
The August price for Arab Light crude oil has risen by $1 per barrel from July, reaching its highest level since April, when it was priced $3.50 above the Oman/Dubai average.
Saudi Aramco prices its crude oil across five density-based grades: Super Light (greater than 40), Arab Extra Light (36-40), Arab Light (32-36), Arab Medium (29-32), and Arab Heavy (below 29).
The company's monthly pricing decisions impact the cost of around 9 million barrels per day of crude exported to Asia and serve as a pricing benchmark for other major regional producers, including Iran, Kuwait, and Iraq.
Aramco also raised August prices for Arab Extra Light by $1.30 per barrel and Arab Heavy by $0.90. The price hikes follow a decision by eight OPEC+ members to increase production by 548,000 barrels per day in August, further accelerating output growth.
In the North American market, Aramco set the August OSP for Arab Light at $3.90 per barrel above the Argus Sour Crude Index.
Aramco determines its OSPs based on market feedback from refiners and an evaluation of crude oil value changes over the past month, taking into account yields and product prices.
Arab News
07/07/2025
Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate ten
Trade Arabia
30/06/2025
Saudi Aramco has lowered its official selling prices for propane and butane for July 2025, reflecting changing global market dynamics.
In a statement released on Sunday, the oil giant set pr
Arab News
24/06/2025
Integrating digital technologies is set to increase Saudi Arabia's industrial productivity by 15 to 25 percent, according to Aramco President and CEO Amin Nasser.
Speaking during the Saudi
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ABAR | 168.00 | -1.00 (-0.60 |
| ADNOCGAS | 3.31 | -0.02 (-0.61 |
| ADNOCDRILL | 5.76 | 0.05 (0.87 |
| BAHRI | 23.89 | 0.10 (0.42 |
| ADES | 12.99 | 0.01 (0.07 |
17/07/2025
In a strategic move that sets a regional benchmark, Oman Cables Industry (OCI), has secured Environmental Product Declarations (EPDs) for its key cable families reinforcing its position as a regional
Times of Oman
17/07/2025
Emirates NBD has concluded AED3.9 billion ($1.06 billion) Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro 'Blue Line' Project.
Trade Arabia
17/07/2025
Adnoc announced on Wednesday its intention to transfer its 24.9 per cent shareholding in OMV AG to XRG, its wholly-owned international investment company.
This transfer, which is subject to
Khaleej Times
16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
16/07/2025
Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading com
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia