Aramco Raises Arab Light Prices In Big Bet On Asian Refining Boom

Saudi Aramco raised the official selling price (OSP) for its Arab Light crude oil grade to Asia by $0.30 per barrel for the month of September, to $3.50 above the Oman/Dubai average, Aramco said on Saturday.  The state-run oil giant also raised the price of its Arab Light crude to Europe by $2 per barrel, but it left its crude to the United States the same at +$7.25 versus ASCI for the month of September, it said.  Earlier this week, some analysts had predicted that Saudi Arabia may raise its OSP for its flagship Arab Light crude to Asia…