6 January 2026: 08:30 GMT
They did what they had to do. The Saudis lowered OSPs to Asia by 30c, across their grades. That brings the benchmark Arab Light to Asia price down to just 30c over the average of Dubai and Oman, the weakest since The Officials began publication and in fact since Covid! European destinations got a cut of 40c, while US Gulf OSPs were cut by 40c – except Arab Light, which was cut by 30c. This was little surprise, with the structure implying a 27.5c cut.
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We invite you to read our reports, which are published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.
