Saudi Arabia may lower June crude prices for Asia
Saudi Aramco is expected to reduce official selling prices for June following a cooling of spot market premiums. Demand has slowed as alternative supplies arrive.
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Saudi Arabia is expected to implement significant price cuts for its crude oil exports to Asia in June, retreating from recent record highs as market tensions ease and demand fundamentals shift. According to a recent industry survey conducted in Singapore, the official selling prices (OSP) for flagship Arab Light crude could see a reduction of between $5 and $12 per barrel compared to May levels.
