Saudi Arabia cuts the official price of crude oil sold in Asia in June to the first drop since December last year

Foreign news agency news on May 5, two people familiar with the matter said on Wednesday that Saudi Arabia, the largest oil exporter, has lowered the official selling prices (OSPs) of all grades of crude oil sold to Asia in June
.


According to sources, Saudi Arabia lowered the official price of its flagship product, Arabian Light Crude Oil, sold in Asia in June by US$0.
10, to US$1.
70 per barrel higher than the average Oman/Dubai crude oil price; this is the first reduction since December last year
.


According to a document, the price of Arabian light crude oil that Saudi Arabia will sell to northwestern Europe in June is US$2.
90 per barrel compared to ICE Brent crude oil, and that it was US$2.
40 in May; OSP that will be sold to the United States in June Compared with the Argus Sulfur Oil Price Index (ASCI), a premium of US$1.
05 per barrel, and US$0.
20 higher than the premium in May
.