Saudi Arabia and Iraq raised their Official Selling Price (OSP) differentials for heavy grades to Asian customers by $5.60/bbl, bringing the price on Arab Heavy up to a 10¢/bbl discount to DME/Dubai averages and the price for Basra Heavy to 60¢/bbl below the benchmark.
June 15, 2020
Saudi Arabia raised its Official Selling Price (OSP) differential for Arab Heavy to Asian customers by $1.70/bbl, bringing it up to a $5.70/bbl discount to DME/Dubai averages.
May 18, 2020
Saudi Arabia cut its Official Selling Price (OSP) differential for Arab Heavy to Asian customers by $2.95/bbl, bringing it down to a $7.40/bbl discount to DME/Dubai averages.
April 27, 2020
Saudi Arabia cut its Official Selling Price (OSP) differential for Arab Heavy to Asian customers by $5/bbl, bringing the OSP down to a $4.45/bbl discount to DME/Dubai averages.
March 16, 2020
Saudi Arabia left its Official Selling Price (OSP) for Arab Heavy to Asian customers at a 55¢/bbl premium to DME/Dubai averages the same as in Feb.
March 02, 2020
The Feb. Official Selling Prices (OSPs) for Arab Heavy, Iranian Heavy, and Iraqi Basra Heavy were all set at higher differentials to their respective benchmarks than they had been for Jan.
January 27, 2020