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CommoditiesUpdated•Originally published 4 May 2026•Updated 5 May 2026•

1 min read

Saudi Aramco Cuts June Arab Light Crude OSP for Asian Markets

Key Facts

1Saudi Aramco has held official selling prices steady for liquefied petroleum gas in May.

2Algeria's Sonatrach cut prices by 2% to 18% due to higher global supply and weaker demand.

Saudi Aramco has officially lowered the June official selling price (OSP) for its flagship Arab Light crude for Asian customers to $15.50 a barrel above the Oman/Dubai average. This adjustment follows the company's earlier decision to hold May LPG prices steady, while Algeria's Sonatrach implemented cuts between 2% and 18%. The reduction in crude pricing signals a strategic shift by Aramco to remain competitive in the Asian market amid shifting global supply dynamics. Analysts suggest that the move is designed to protect market share as regional demand patterns fluctuate. These pricing updates are critical for energy sector investors monitoring the strategies of major global producers. The latest data underscores Saudi Arabia's flexible approach to crude pricing in response to broader international market pressures.

29 days ago

Version History

Version 129 days ago

What changed: Updated the story to include Saudi Aramco's cut to the June OSP for Arab Light crude to Asia.