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After Record $19.50 Premium, Saudi Arabia Eyes Sharp Cut to June Asia Prices
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Financial market analysis indicating neutral sentiment based on current trends.
Sentiment
Neutral
AI Confidence
50%
Time Horizon
Short Term
Affected Symbols
Article Context
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The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month. Saudi oil giant Aramco is widely expected to announce in early May a reduction of the OSP of the flagship Arab Light crude by between $5 and $12 per barrel compared to the Oman/Dubai average, off which Middle Eastern producers price their crude going to Asia, a Reuters survey of industry sources showed on Tuesday.…
Original article published by
OilPrice.com
on April 28, 2026.
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Analysis and insights provided by AnalystMarkets AI.