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Saudi Arabia Cuts Oil Prices for Asia as OPEC+ Output Inches Up

Summary by Oil Price

Saudi Arabia just dialed back its crude prices for Asia, according to Aramco’s just-published rate sheet. The company has trimmed official selling prices (OSPs) for the first time in three months, with Aramco’s April price sheet now showing Arab Light at $3.50 per barrel over Oman/Dubai, a 40-cent cut. That’s after last month’s price spike, driven by U.S. sanctions squeezing Russian supply. But with OPEC+ greenlighting a 138,000 bpd production i…

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Oil Price

Saudi Arabia Cuts Oil Prices for Asia as OPEC+ Output Inches Up

7 days ago·London, United Kingdom

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Global Finance Magazine

Aramco’s Dividend Strategy Reflects Shifting Energy Priorities

The oil giant cut its dividend to balance shareholder payouts with rising capital investments amid lower crude prices and evolving market conditions. Saudi Arabian Oil, better known as Aramco, is recalibrating its dividend strategy as it navigates weaker oil prices and rising capital investment demands. The world’s largest oil and gas producer plans to distribute $85.4 billion in dividends this year—down about 30% from $124.3 billion in 2024—re…

7 days ago

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Invezz

Why did Saudi Arabia cut April oil prices for Asia?

Saudi Arabia, the world’s leading oil exporter, has decreased its crude oil prices for Asian buyers for the month of April. This marks the first price reduction in three months and aligns with market expectations and the recent OPEC+ decision to gradually increase oil supply starting in April, Reuters reported on Friday.The price reduction reflects a change in market dynamics and the anticipation of increased supply. The Organization of the Petr…

7 days ago

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Business Times

Aramco cuts oil prices to Asia as Opec+ eases output curbs

Saudi Arabia is cutting oil prices for buyers in Asia, its largest market, as Opec+ begins to ease restrictions on production.

7 days ago

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Investors King

Saudi Aramco Slashes Oil Prices For Asian Buyers After Three-Month High

Saudi Aramco, the state-owned oil giant, has lowered its crude oil prices for Asian buyers in April. The move comes in response to increased global supply following OPEC+’s decision to raise output and amid easing supply concerns from Russia and Iran. According to a pricing document released by Aramco on Friday, the official selling price […] The post Saudi Aramco Slashes Oil Prices for Asian Buyers After Three-Month High appeared first on Inves…

7 days ago

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Gulf Business

Saudi Arabia cuts oil prices to Asia for first time in three months

Aramco lowered the April official selling price (OSP) for flagship Arab Light crude by 40 cents to $3.50 a barrel The post Saudi Arabia cuts oil prices to Asia for first time in three months appeared first on Gulf Business.

7 days ago

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