Friday, 29 March 2024

Aramco raises May crude prices to Asia at all-time highs

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Saudi Aramco has decided to raise crude prices for all regions, with those to Asia at all-time highs to reach $9.35 a barrel above Oman/Dubai crude average prices, according to a pricing document seen by Reuters on Monday.

The May crude prices will be the grade’s highest premium ever, according to AlArabiya.

The Company also set Arab Light crude prices to Northwest Europe at plus $4.60 versus ICE Brent, and $5.65 a barrel to the USA over ASCI (Argus Sour Crude Index).

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It should be noted that the Saudi Aramco raised crude prices within the market expectations in April.

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