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Saudi Arabia cuts May crude prices to Asia by $4.2 per barrel - document

Published 13/04/2020, 10:48
© Reuters.
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DUBAI (Reuters) - Saudi Arabia's state oil giant Aramco (SE:2222) 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 raised the May OSP of its Arab light crude oil to the United States to a discount of $0.75 per barrel versus ASCI, up $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 (NYSE:ICE) Brent.

(This story corrects paragraph 2 to show prices to the US have been raised, not lowered)

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