Middle East Sour Crude: Aramco April OSPs

Middle East Sour Crude Daily Market Analysis / Saudi Aramco, QatarEnergy issue April OSPs / cash Dubai crosses $100/b mark / Rise in vessel fixtures from Saudi Red Sea port of Yanbu

Jun 03, 2026

April producer official selling prices emerged in the Middle East sour crude market March 6, with Saudi Aramco giving sharp hikes to its OSP differentials across the board, while Middle East crude differentials hit fresh all-time highs as the Middle East conflict dragged on. For grades bound for Asia, Aramco hiked the April OSP differential for its flagship Arab Light crude by $2.50/b month over month at a $2.50/b premium against the Oman/Dubai average. The April OSP differentials for its other four grades bound for Asia were hiked by $2/b over the same period. QatarEnergy set the April OSP differential for its Qatar Land crude at plus $1/b to the average of Dubai crude assessments, up 20 cents/b from March, while the Qatar Marine OSP differential was set at plus...

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