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Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now For Asia crude, the May differentials against Dubai/Oman for Saudi Light was raised by 40 cents and Medium and Heavy by 50 cents from April levels. This was largely in line with a stronger market structure for benchmark Dubai in March. Cash Dubais premium to front-month Dubai futures – understood to be a key component in OSP calculation – averaged $1.19/b in March, up 50 cents ...

Asia’s fragile recovery path can ill afford oil upheaval, price gyrations Asia may have heaved a sigh of relief that a drone attack in Saudi Arabia left crucial oil infrastructure unscathed, but analysts told S&P Global Platts supply disruptions and high prices stemming from escalating geopolitical risk can choke the feeble economic recovery the region is witnessing after a pandemic-hit year. With Asia’s top oil importers largely dependent on the Middle East for bulk of their crude needs, a...

Saudi Aramco raised its official selling prices for its light and medium crude oil grades bound for Asia and the US, while cutting prices across all crude grades bound for Europe, the company said in a notice on March 8. For Asia bound crude, the April differentials against Oman/Dubai for its Super Light, Extra Light, ...

Saudi Aramco, the largest oil producer in the Middle East, kept the official selling prices for all of its Asia-bound crude oil grades unchanged for March, largely in line with market expectations, traders told S&P Global Platts Feb. 5. Aramco kept the March OSP differential for its Arab Light crude steady from February, when it ...

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Saudi Arabia expected to raise Feb crude prices for Asia -survey Middle East & Africa Shu Zhang SINGAPORE (Reuters) - Top oil exporter Saudi Arabia is expected to raise its official selling prices (OSPs) for Asian buyers for a second straight month in February, tracking stronger benchmark prices and product cracks, a Reuters survey showed on Wednesday. Three sources at Asian refiners expect the February OSP for the flagship grade Arab Light to rise by ...