What is Saudi Arabia's June 2024 Arab Light crude oil official selling price (OSP) premium to Asia, and how does it compare to May 2024?

Saudi Arabia has set the June Arab Light crude oil official selling price (OSP) to Asia at a premium of $15.50 a barrel above the Oman/Dubai average, down from the previous month’s premium of $19.50 a barrel, according to a Saudi Aramco statement issued on Tuesday.

Which entity announced the June 2024 Arab Light OSP for Asia, and when was the announcement made?

Saudi Aramco announced the June Arab Light crude oil official selling price to Asia in a statement issued on Tuesday, confirming the $15.50-per-barrel premium over the Oman/Dubai average.

Saudi Arabia Cuts Arab Light June OSP for Asia

May 5, 2026

Saudi Aramco lowered the June Arab Light official selling price for Asia to $15.50 per barrel over the Oman/Dubai average, down from $19.50 previously.

reuters

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