Saudi Arabia has cut its OSPs to Asia
Saudi Arabia lowers May Arab Light crude OSP to Asia
RIYADH, April 5, 2016
Saudi Aramco has cut its May price for its Arab Light grade for Asian customers by $0.10 a barrel versus April to a discount of $0.85 a barrel to the Oman/Dubai average, it said.
The company has kept its Arab Light OSP to Northwest Europe unchanged for May from the previous month at a discount of $4.60 a barrel to the Brent Weighted Average (BWAVE).
The Arab Light OSP to the United States was set at a premium of $0.35 a barrel to the Argus Sour Crude Index (ASCI) for May, up $0.40 a barrel from the previous month.
