Last Update 23:58
Tuesday, 11 August 2020

Saudi Arabia cuts May crude prices to Asia by $4.2 per barrel: Document

Reuters , Monday 13 Apr 2020
Saudi Arabia/oil
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. ( Photo:Reuters )
Share/Bookmark
Views: 1073
Share/Bookmark
Views: 1073

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.

Short link:

 

Latest

© 2010 Ahram Online.