Free Trial

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.
99 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

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.