Saudi Aramco may leave official selling prices to Asian customers little change in April according to six refining sources surveyed by Reuters.

  • The OSP for its flagship Arab Light crude to Asia could remain unchanged or rise by 0.1-0.2$/bbl amid a slight rise in Middle East benchmark prices according to Reuters sources.
  • "The market structure and product cracks didn't change too much compared to last month, and I think now with Red Sea shipping still having uncertainty ... probably they will want to push the barrels to Asia," a source said.
  • Arab Light crude to Asia was at a $1.50/bbl premium over Oman/Dubai in March.
  • Arab Extra Light, Arab Heavy and Arab Medium are expected to remain unchanged according to three sources but could decline according to a fourth.

OIL: Saudi Arab Light OSP to Asia for April Expecting Little Change

Last updated at:Mar-04 10:01By: David Lee

Saudi Aramco may leave official selling prices to Asian customers little change in April according to six refining sources surveyed by Reuters.

  • The OSP for its flagship Arab Light crude to Asia could remain unchanged or rise by 0.1-0.2$/bbl amid a slight rise in Middle East benchmark prices according to Reuters sources.
  • "The market structure and product cracks didn't change too much compared to last month, and I think now with Red Sea shipping still having uncertainty ... probably they will want to push the barrels to Asia," a source said.
  • Arab Light crude to Asia was at a $1.50/bbl premium over Oman/Dubai in March.
  • Arab Extra Light, Arab Heavy and Arab Medium are expected to remain unchanged according to three sources but could decline according to a fourth.

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