After Record $19.50 Premium, Saudi Arabia Eyes Sharp Cut to June Asia Prices

After Record $19.50 Premium, Saudi Arabia Eyes Sharp Cut to June Asia Prices

The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month. Saudi oil giant Aramco is widely expected to announce in early May a reduction of the OSP of the flagship Arab Light crude by between $5 and $12 per barrel compared to the Oman/Dubai average, off which Middle Easter…

After Record $19.50 Premium, Saudis Eye Sharp Cut To June Asia Prices

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Saudi Arabia Expected to Cut June Crude Prices for Asia

Impakter Saudi Arabia Expected to Cut June Crude Prices for Asia Today’s ESG Updates Saudi Arabia to Cut Asia Crude Prices: War-driven oil premiums are fading as global supply stabilizes and refiners shift to alternative sources including U.S., West African, and Russian crude. Luxury Leather Supply Chain Faces Deforestation Scrutiny: An LVMH-linked supplier is accused of sourcing hides tied to Paraguayan deforestation, raising concerns ahead of …