Saudi crude for delivery next month will be the cheapest in four years, according to Reuters columnist Clyde Russell, with the kingdom also cutting prices for deliveries to Europe and leaving prices for deliveries to the United States unchanged. Aramco lowered the official selling price...
Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief. Saudi Aramco, the kingdom's state-controlled producer and the world's largest oil exporter, raised its official selling prices (OSPs) for S...
SAUDI Arabia has raised the official selling price (OSP) for its Arab Light crude oil for Asian and Mediterranean customers in May, according to an Aramco statement released April 5. Saudi Aramco set the OSP for Asian buyers up 30 cents from April to a $2.00 premium to the Oman/Dubai ...
The official selling price (OSP) for flagship Arab Light crude sold to Asia in August may fall by 60 cents to 80 cents a barrel from July, possibly to the lowest since April, four sources at Asian refineries said in a Reuters survey. The respondents expect slightly deeper price cuts for...
According to company documents, Saudi Aramco reduced the official selling price (OSP) of Arabian Light Crude Oil shipped to Asia in October to US$1.70 per barrel for the first time in four months, which is US$1.70 higher than the average price of DME Oman and Platts Dubai crude oil. . ...
Saudi Arabia’s decision to jack up the price of its July exports to Asia may have opened the door for U.S. crude oil producers to boost sales to the region that consumes more oil than anywhere else in the world. State-controlled producer Saudi Aramco hoisted its official sel...
The official selling price for May-loading Arab Light to Asia was raised by 30 cents a barrel from April to $2.80 a barrel over Oman/Dubai quotes. The price increase is in line with aReuters surveyof sources from Asian refiners and follows a production cut from the Organization of ...
The data show that Asia’s imports from Saudi Arabia went up by 550,000 bpd in November, while Russia’s dropped by 450,000 bpd. The swing to Saudi Arabian barrels from Russia came even as the kingdom’s state-controlled oil producer, Saudi Aramco, increased the official selling prices ...
On Nov. 6, state oil giant Saudi Aramco hiked the official selling price for Arab Light crude to its highest level since September.
State oil producer Saudi Aramco raised its May official selling price (OSP) to Asia for its flagship Arab Light crude to $9.35 a barrel above Oman/Dubai crude, the grade's highest premium ever. Asia saw the biggest price increases across all crude grades, followed by Northwest Europ...