MNI: PBOC Net Injects CNY958.4 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1883 Weds; -2.29% Y/Y

MNI NBP WATCH: Rate Hold Seen After Governor's Hawkish Tilt

MNI China Daily Summary: Tuesday, January 14

MNI BRIEF: PBOC To Ensure Yuan Stable, Ease For Economy: Xuan

EZ/UK T-Bill Calendar: 12-Month BT Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US DEC TREASURY BUDGET -$86.7B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Saudi May Raise Arab Light OSP to Asia in February: Reuters Survey

OIL
Energy BulletsBulletCommodities

Saudi’s OSP for Asian buyers in February is expected to rise for the first time in three months, according to a Reuters survey.

  • The February OSP for flagship Arab Light may increase by $0.2 – $0.5/bbl from January, six sources at Asian refineries said.
  • OSPs for Arab Extra Light, Arab Medium and Arab Heavy are also expected to rise at least $0.3/bbl.
  • The rise is in line with the change in the market structure after spot premiums for Feb loading recovered amid uncertainty over Iranian and Russian supplies and increased interest from Indian state refiners in Middle East crudes.
  • A Bloomberg survey earlier this week predicted a rise of $0.10/bbl for Arab Light OSP to Asia in February.
  • 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.
141 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’s OSP for Asian buyers in February is expected to rise for the first time in three months, according to a Reuters survey.

  • The February OSP for flagship Arab Light may increase by $0.2 – $0.5/bbl from January, six sources at Asian refineries said.
  • OSPs for Arab Extra Light, Arab Medium and Arab Heavy are also expected to rise at least $0.3/bbl.
  • The rise is in line with the change in the market structure after spot premiums for Feb loading recovered amid uncertainty over Iranian and Russian supplies and increased interest from Indian state refiners in Middle East crudes.
  • A Bloomberg survey earlier this week predicted a rise of $0.10/bbl for Arab Light OSP to Asia in February.
  • 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.