Saudi Aramco raises June Arab light crude price to Asia

Saudi Aramco, the world’s largest oil producer, upped its June Arab light crude oil prices to Asian customers by $1.40 per barrel month-on-month (MoM), setting it at a discount of $5.90 to the Oman/Dubai average, Reuters reported on Thursday.

The oil giant als raised the June OSP of its Arab light crude oil to the United States, setting it at a premium of $0.75 per barrel versus ASCI, up $1.50 a barrel MoM.

Moreover, the OSP for Arab light crude oil was also raised to northwest Europe by $6.55 per barrel, setting it at a discount of $3.70 per barrel to ICE Brent.