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OIL: Saudi May Raise Arab Light OSP by $0.1/bbl in Feb.

OIL
Energy BulletsBulletCommodities

Saudi Aramco may raise the Arab Light OSP to Asia by $0.10/bbl in February to a premium of $1.00/bbl to the Oman-Dubai benchmark, according to a Bloomberg survey of seven trader and refiners.

  • The survey showed a range from five respondents between unchanged and +$0.6/bbl.
  • The OSP was cut by $0.80/bbl for January to a premium of $0.90/bbl to the Oman-Dubai benchmark.
  • OSPs are typically released within the first five days of the month.
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Saudi Aramco may raise the Arab Light OSP to Asia by $0.10/bbl in February to a premium of $1.00/bbl to the Oman-Dubai benchmark, according to a Bloomberg survey of seven trader and refiners.

  • The survey showed a range from five respondents between unchanged and +$0.6/bbl.
  • The OSP was cut by $0.80/bbl for January to a premium of $0.90/bbl to the Oman-Dubai benchmark.
  • OSPs are typically released within the first five days of the month.