Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $1.25/bbl below the Middle-Eastern benchmark for Jan.—$2.50/bbl lower than the $1.25/bbl premium that had been in place for Dec.
January 16, 2023
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $1.25/bbl above the Middle-Eastern benchmark for Dec.—$1.20/bbl lower than the $2.45/bbl premium that had been in place for Nov.
December 08, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $2.45/bbl above the Middle-Eastern benchmark for Nov.—25¢/bbl higher than the $2.20/bbl premium that had been in place for Oct.
October 28, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $6.00/bbl above the Middle-Eastern benchmark for Sept. ..
September 08, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $5.30/bbl above the Middle-Eastern benchmark for Aug.—higher than the $4.80/bbl premium that had been in place for July but lower than May's record-high premium of $7.95/bbl (in data going back to 1970).
August 18, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $4.80/bbl above the Middle-Eastern benchmark for July—higher than the $3.00/bbl premium that had been in place for June but lower than May's record-high premium of $7.95/bbl (in data going back to 1970).
July 10, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at a record high of $7.95/bbl above the Middle-Eastern benchmark for May (in data going back to 1970)—up from the $3.55/bbl premium that had been in place for April.
May 09, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $3.55/bbl above the Middle-Eastern benchmark—up from the $1.40/bbl premium that had been in place for March—and then raised the differential further to an all-time high of $7.95/bbl for May (in data going back to 1970).
April 13, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at 70¢/bbl above the Middle-Eastern benchmark—down from the $1.80/bbl differential that had been in place for Jan.
February 10, 2022
Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $1.80/bbl above the Middle-Eastern benchmark—up from the $1.00/bbl differential that had been in place for Dec. Iran increased the OSP differential on its Iranian Heavy for Far Eastern buyers by 70¢/bbl to a $2.15/bbl premium.
January 10, 2022
