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Saudi Arabia to Keep Arab Light OSP Unchanged: Survey

OIL

Saudi Arabia may keep the OSP for Arab Light crude for Asian customers in April unchanged or raise it by 10-20ct/bbl, according to a Reuters survey of six refining sources.

  • The Arab Light OSP differential to Oman-Dubai was at +$1.50/bbl for February and March sales.
  • A Bloomberg survey of four refiners and traders suggested Saudi Aramco could maintain the Arab Light official selling price to Asia unchanged in April. The survey showed three estimations for price to remain unchanged and one expecting an increase of 0.05$/bbl.
  • Saudi Aramco typically releases OSPs in the first five days of the month.
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