After Record $19.50 Premium, Saudi Arabia Eyes Sharp Cut to June Asia… | HappeningNow.news
Published Date: June 15, 2026

Energy · 1 views

After Record $19.50 Premium, Saudi Arabia Eyes Sharp Cut to June Asia Prices

The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June…

Source OilPrice AI Summary Updated April 28, 2026
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Freshness Stale Updated April 28, 2026
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AI Summary

The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month. Saudi oil giant Aramco is widely expected to announce in early May a reduction of the OSP of the flagship Arab Light crude by between $5 and $12 per barrel compared to the Oman/Dubai average, off which Middle Eastern producers price their crude going to Asia, a Reuters survey of industry sources showed on Tuesday.…

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