Saudi Aramco Sets May Arab Light Crude Price at $14.60 Premium

Saudi Aramco has finalized its official selling price (OSP) for Arab Light crude shipments scheduled for May delivery to the North American market. The state-owned energy giant set the price at a premium of $14.60 per barrel relative to the Argus Sour Crude Index (ASCI).

This pricing adjustment serves as a benchmark for the company’s crude exports to the region. The OSP is determined based on monthly consultations with customers and is calculated using the average of the Oman/Dubai crude benchmarks and the ASCI, depending on the destination. These adjustments reflect current market conditions and supply-demand dynamics within the global energy sector as Saudi Aramco continues to manage its export strategy for the upcoming month.