Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel

Rania ElGamal
Monday, April 13, 2020

Saudi Arabia's state oil giant Aramco has set the May price for its Arab light crude oil to Asia at a discount of $7.3 to the Oman/Dubai average, down $4.2 a barrel from April, according to a document seen by Reuters on Monday.

It has cut the May OSP of its Arab light crude oil to the United States to a discount of $0.75 per barrel versus ASCI, down $3 a barrel from April, according to the document.

Aramco left its OSP for Arab light crude oil to Northwestern Europe unchanged from April at a discount of $10.25 per barrel to ICE Brent. 

(Reporting by Rania ElGamal and Dahlia Nehme; Editing by Mark Potter)

Categories: Asia China Saudi Arabia Crude Oil

Related Stories

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Eni and Petronas Launch Southeast Asia Gas Joint Venture Searah

Petronas Signs Offshore Oil Recovery Collaboration Deal

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Oil Jumps Over 3% After US-Iran Exchange Attacks

Current News

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

Oil Falls More Than 2% as US-Iran Tensions Ease

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Hormuz Reopening Could Trigger OPEC’s Next Big Challenge

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

Oil Prices Slide as Israel-Iran Suspend Strikes

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com