Saudi Aramco, a major player in the oil industry, has implemented significant price adjustments for its Arab Light crude oil grade, indicating its strategic outlook on market conditions.
August 12, 2023
Saudi Arabia's recent move to substantially increase crude oil prices in Europe, the Mediterranean, and even Asia has drawn attention, potentially impacting the demand for its barrels.
August 05, 2023
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $2.25/bbl below the Middle-Eastern benchmark for Feb.—$1.00/bbl lower than the $1.25/bbl discount that had been in place for Jan.
January 30, 2023
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $1.25/bbl below the Middle-Eastern benchmark for Jan.—$2.50/bbl lower than the $1.25/bbl premium that had been in place for Dec.
January 16, 2023
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $1.25/bbl above the Middle-Eastern benchmark for Dec.—$1.20/bbl lower than the $2.45/bbl premium that had been in place for Nov.
December 08, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $2.45/bbl above the Middle-Eastern benchmark for Nov.—25¢/bbl higher than the $2.20/bbl premium that had been in place for Oct.
October 28, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $6.00/bbl above the Middle-Eastern benchmark for Sept. ..
September 08, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $5.30/bbl above the Middle-Eastern benchmark for Aug.—higher than the $4.80/bbl premium that had been in place for July but lower than May's record-high premium of $7.95/bbl (in data going back to 1970).
August 18, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $4.80/bbl above the Middle-Eastern benchmark for July—higher than the $3.00/bbl premium that had been in place for June but lower than May's record-high premium of $7.95/bbl (in data going back to 1970).
July 10, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at a record high of $7.95/bbl above the Middle-Eastern benchmark for May (in data going back to 1970)—up from the $3.55/bbl premium that had been in place for April.
May 09, 2022
