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

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

Oil Jumps 4% After Trump Rejects Iran’s Peace Response

Eni Advances Giant Indonesia Gas Discovery after ‘Exceptional’ Well Test

Brent Near $114 as Middle East Conflict Continues

Technology as Enabler of Energy Security in Offshore Asia

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Current News

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

Inpex Expands Australia Gas Portfolio with Browse Minority Stake Deal

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Norway O&G Revenue Forecast Jumps 30% for '26

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

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