Markets

The OPEC kingpin has raised the price of its Arab Light crude for Asian buyers by $0.90/b, now set at a premium of $2.20 above the Dubai/Oman benchmark.

Saudi Arabia has reduced its Oct. pricing for Arab Light Crude oil sold to Asia by 70¢/b, setting the price at $1.30 below the regional benchmark.

Saudi Aramco is set to lower its official selling prices (OSP) for its crude oil grades in Oct., influenced by weakening refining margins and declining Dubai benchmark prices.

Saudi’s state-owned producer has increased its OSP for Arab Light crude by 20¢/bbl for Sept., marking the first price hike in three months.

The OPEC kingpin is anticipated to increase the official selling price (OSP) of its crude grades for Asia in Sept., driven by rising benchmark prices in the Middle East.

Saudi Arabia's state-owned company has once again reduced its crude prices for all grades destined for Asia, marking the second consecutive month of cuts.

Saudi Arabia has decided to lower its official selling price (OSP) for its flagship Arab Light crude oil for deliveries to Asia by $0.50/b from Jun. setting the new premium at $2.40 over the Dubai/Oman benchmark.

The Saudi Arabian state-owned company has increased the official selling price of all grades it exports to Asia, with flagship Arab Light for June delivery becoming $0.90 more expensive, indicating a tightening supply of crude.

Saudi Arabia is anticipated to increase the price of its flagship Arab Light crude for Asia in Jun. to a five-month high, according to a Reuters survey of refining sources.

In response to the OPEC+ decision to prolong production cuts, Saudi Arabia has revised its official selling prices for Asian buyers, signaling strategic adjustments in the global oil market.