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Saudi Arabia’s May crude oil price hike for Asia confounds traders

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Saudi Arabia’s May crude oil price hike for Asia confounds traders

08 April 2018, Singapore – Asian oil traders are stumped by how Saudi Arabia derived its official selling prices (OSP) for May after the world’s top oil exporter unexpectedly raised the price for its flagship Arab Light crude sold to Asian refiners. State oil giant Saudi Aramco deviated from its usual pricing formula by increasing …

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Saudi Arabia’s May crude oil price hike for Asia confounds traders Saudi Arabia’s May crude oil price hike for Asia confounds traders Reviewed by Crude Oil Facilitators on 12:31 Rating: 5

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Crude Oil Facilitators are dedicated global facilitating and brokerage company in the crude oil industry. We facilitate connection between crude oil buyers and sellers. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the oil buying and selling brokering.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

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4. Iraqi Light Crude Oil

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