May 28, 2024 10:46 GMT
Aramco May Cut Asian OSP's in July: Reuters
OIL
Saudi Aramco may cut prices for most of its crude it sells to Asia in July – the first in 5-months according to Reuters sources.
- Asian refiners have been hit with persistently weak margins in recent months while Middle East benchmarks have also weakened.
- The July official selling price (OSP) for flagship Arab Light crude is expected to fall by 30 to 50 cents a barrel Reuters reported.
Source: Reuters
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