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Saudi Could Raise Arab Light OSP to Asia to $1.8/bbl

OIL

Saudi Aramco may increase the Arab Light official selling price to Asia in May by $0.1/bbl according to the median estimate of a Bloomberg survey of five refiners.

  • The Arab Light OSP differential to Oman-Dubai was at +$1.70/bbl for April sales.
  • The survey showed a range of estimations between an unchanged price on the month and a rise of 0.2$/bbl.
  • Saudi Aramco typically releases OSPs in the first five days of the month.

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