Saudi Aramco Announces May Official Selling Prices for Arab Light Crude

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.