Saudi Aramco set the OSP for Asian buyers at a $2.00 premium to the Oman/Dubai average, up by 30 cents from the April price
Saudi Arabia has raised the official selling price (OSP) for its flagship Arab Light crude oil for customers in Asia and the Mediterranean in May, a price list provided by an industry source showed.
Saudi Aramco set the OSP for Asian buyers at a $2.00 premium to the Oman/Dubai average, up by 30 cents from the April price.
Its Mediterranean OSP for the grade was set at ICE Brent minus 10 cents for May, narrowing from a 20 cent discount in April.
Aramco’s Arab Light OSPs for Northwest European and U.S. customers will be unchanged on the month, at ICE Brent plus 30 cents and ASCI plus $4.75 respectively.
Source: Zawya
