Saudi Arabia: Aramco keeps buyers guessing, brushes off Covid-19

Issue 1102 - 09 May 2020

Saudi Arabian Oil Company (Aramco) had still to announce its much-anticipated official selling prices (OSP) for June as GSN went to press. Bloomberg said traders it surveyed expected Aramco to cut flagship Arab Light crude prices, but estimates of the likely discount – a major weapon in Aramco’s war to secure market share – differed sharply.

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