Markets

Saudi’s state-owned producer has increased its OSP for Arab Light crude by 20¢/bbl for Sept., marking the first price hike in three months.

The OPEC kingpin is anticipated to increase the official selling price (OSP) of its crude grades for Asia in Sept., driven by rising benchmark prices in the Middle East.

Saudi Arabia's state-owned company has once again reduced its crude prices for all grades destined for Asia, marking the second consecutive month of cuts.

Saudi Arabia has decided to lower its official selling price (OSP) for its flagship Arab Light crude oil for deliveries to Asia by $0.50/b from Jun. setting the new premium at $2.40 over the Dubai/Oman benchmark.

The Saudi Arabian state-owned company has increased the official selling price of all grades it exports to Asia, with flagship Arab Light for June delivery becoming $0.90 more expensive, indicating a tightening supply of crude.

Saudi Arabia is anticipated to increase the price of its flagship Arab Light crude for Asia in Jun. to a five-month high, according to a Reuters survey of refining sources.

In response to the OPEC+ decision to prolong production cuts, Saudi Arabia has revised its official selling prices for Asian buyers, signaling strategic adjustments in the global oil market.

Saudi Aramco, the leading global crude oil exporter, is poised to uphold the pricing of its flagship Arab Light grade for the Asian market next month.

The Kurdistan Regional Government (KRG) and federal Iraqi authorities are engaged in discussions to settle a longstanding political dispute that disrupted around 450K b/d of crude oil exports for nearly a year.

The ongoing challenges in the Red Sea and the Suez Canal due to Houthi missile and drone attacks have pushed logistics to the forefront of the oil trade, causing disruptions with far-reaching consequences.