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CommoditiesMedium•16 February 2026•

1 min read

Saudi Aramco Slashes Asia Oil Prices to 5-Year Low to Boost Exports to China

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Saudi Aramco has significantly reduced its Official Selling Prices (OSP) for Arab Light crude heading to Asia for March loadings. The state-owned giant set the price at parity with the Oman/Dubai average benchmark, marking the lowest relative level in over five years. This latest reduction of 0.30 dollars per barrel represents the fourth consecutive monthly price cut implemented by the Kingdom. The strategic move is designed to stimulate demand and protect market share within the highly competitive Asian market, specifically targeting Chinese refiners. Analysts expect the price adjustment to drive a surge in Saudi export volumes as China's demand recovery gains momentum. While the competitive pricing may weigh on global Brent and WTI benchmarks, it underscores Aramco's commitment to maintaining its dominant position in the East.