Saudi Arabia may raise August crude prices to Asia to near record levels

Info via Reuters report.

Saudi Arabia may raise prices of light crude grades to Asia for the second straight month in August on the back of record distillate margins and strong spot premiums for Middle Eastern oil this month.

  • The official selling price (OSP) for Saudi’s flagship Arab Light crude could rise by about $2.4 a barrel from the previous month, according to nine refining sources surveyed by Reuters on June 28-29.

WTI price update following its drop on Wednesday, US time. 15 min candles:

oil asia 30 June 2022
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