The start of the month is one of anticipation for global oil importers of all stripes as Saudi Aramco reveals the official selling price or OSP of it’s flagship Arab Light crude oil for the next calendar month. Analysts and price aggregators are told the quote per barrel is heavily influenced by an assessment of change in the value of Saudi Arabia’s oil over the previous month based on yields and product prices and recommendations from customers of the state-owned oil company.
The start of the month is one of anticipation for global oil importers of all stripes as Saudi Aramco reveals the official selling price or OSP of it’s flagship Arab Light crude oil for the next calendar month. Analysts and price aggregators are told the quote per barrel is heavily influenced by an assessment of change in the value of Saudi Arabia’s oil over the previous month based on yields and product prices and recommendations from customers of the state-owned oil company.
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