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Saudi Arabia expected to cut June crude prices for Asia -survey | Hellenic Shipping News Worldwide

Top oil exporter Saudi Arabia is expected to cut its official selling prices (OSPs) for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional COVID-19 outbreaks, a Reuters survey showed. Sources at five Asian refiners expected the June OSP for flagship Arab Light crude to . ....

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Saudi Arabia expected to cut June crude prices for Asia

Top oil exporter Saudi Arabia is expected to cut its official selling prices (OSPs) for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional COVID-19 outbreaks, a Reuters survey showed. Sources at five Asian refiners expected the June OSP for flagship Arab Light crude to decrease by an average of 28 cents a barrel, which would become the producer's first price reduction since December last year. In April, Indian state refiners' local fuel sales declined due to state-level restrictions aimed at stemming a rampant second wave of coronavirus infections, preliminary data showed. ....

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Saudi Arabia expected to cut June crude prices for Asia: Survey

Saudi Arabia expected to cut June crude prices for Asia: Survey
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Last Updated: May 04, 2021, 11:50 AM IST
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Sources at five Asian refiners expected the June OSP for flagship Arab Light crude to decrease by an average of 28 cents a barrel, which would become the producer s first price reduction since December last year.
Agencies
Top oil exporter Saudi Arabia is expected to cut its official selling prices (OSPs) for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional COVID-19 outbreaks, a Reuters survey showed.
Sources at five Asian refiners expected the June OSP for flagship Arab Light crude to decrease by an average of 28 cents a barrel, which would become the producer s first price reduction since December last year. ....

Saudi Arabia , United Arab Emirates , Abuz Aby , Abu Dhabi , June Osps , Saudi Aramco , Abu Dhabi National Oil Co , Middle East , Arab Light , Cash Dubai , June Saudi , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , சவுதி அரம்கோ , நடுத்தர கிழக்கு , அரபு ஒளி , பணம் துபாய் ,

Saudi Arabia expected to cut June crude prices for Asia: Survey

Saudi Arabia expected to cut June crude prices for Asia: Survey
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

United Arab Emirates , Abuz Aby , Saudi Arabia , Abu Dhabi , June Osps , Shu Zhang , Krishna Chandra Eluri , Saudi Aramco , Abu Dhabi National Oil Co , Middle East , Arab Light , Cash Dubai , June Saudi , Reporting By Shu Zhang , ஒன்றுபட்டது அரபு அமீரகங்கள் , சவுதி அரேபியா , ஷு ஜாங் , சவுதி அரம்கோ , நடுத்தர கிழக்கு , அரபு ஒளி , பணம் துபாய் , புகாரளித்தல் வழங்கியவர் ஷு ஜாங் ,

Saudi Aramco raises all Asia-bound May OSPs, cuts most US and Europe OSPs

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For Asia crude, the May differentials against Dubai/Oman for Saudi Light was raised by 40 cents and Medium and Heavy by 50 cents from April levels.
This was largely in line with a stronger market structure for benchmark Dubai in March. Cash Dubai s premium to front-month Dubai futures – understood to be a key component in OSP calculation – averaged $1.19/b in March, up 50 cents from February.
For US-bound crude, differentials for Saudi Light, Medium and Heavy grades were cut by 10 cents/b, while the differential for Extra Light grade was raised by 10 cents/b from its April OSP. ....

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