April 29, 2024 08:58 GMT
Saudi Armaco Forecast to Raise Arab Light OSP by $0.7/bbl in June
OIL
Saudi Aramco may increase the Arab Light official selling price to Asia in June by $0.70/bbl according to the median estimate of a Bloomberg survey of five refiners and traders.
- The Arab Light OSP differential to Oman-Dubai was at +$2.0/bbl for May sales and is estimated to rise to $2.7/bbl.
- The survey showed a range of estimations between +$0.3/bbl to +$0.85/bbl.
- The Arab Extra Light crude OSP forecast change for June ranges between a decline to a +0.75/bbl increase from a differential of +$2.10/bbl to Oman-Dubai for May.
- Saudi Aramco typically releases OSPs in the first five days of the month.
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