by The higher prices likely indicate a change in policy from that of putting downward pressure on prices to a more neutral stance. Might have something to due with the last change in oil ministers. We will know more when this latest chart of the history of discounts/premiums is updated: Saudi Aramco Seen Increasing July Oil Premium for Asia CustomersBy Serene Cheong and Sharon Cho(Bloomberg) — Saudi Aramco may widen Arab Light premium by 40c/bbl for July sales to Asia, accord. to median est. in Bloomberg survey of 5 refiners, traders.July Arab Light OSP fcast at 65c/bbl above Oman-Dubai bmark vs 25c/bbl premium for JuneJune OSP increased by .10 m/m vs fcast of 65c gain in a survey last mo.For July OSP, 3 participants est. premium to rise 30-40c, 2 predict 50c-60c increaseCo.
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The higher prices likely indicate a change in policy from that of putting downward pressure on prices to a more neutral stance.
Might have something to due with the last change in oil ministers.
We will know more when this latest chart of the history of discounts/premiums is updated:
Saudi Aramco Seen Increasing July Oil Premium for Asia Customers
By Serene Cheong and Sharon Cho
(Bloomberg) — Saudi Aramco may widen Arab Light premium by 40c/bbl for July sales to Asia, accord. to median est. in Bloomberg survey of 5 refiners, traders.
July Arab Light OSP fcast at 65c/bbl above Oman-Dubai bmark vs 25c/bbl premium for June
June OSP increased by $1.10 m/m vs fcast of 65c gain in a survey last mo.
For July OSP, 3 participants est. premium to rise 30-40c, 2 predict 50c-60c increase
Co. may announce OSP for July shipments in next few days
READ: Saudis Raise Oil Pricing for Asia by Most Since April Last Year