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Saudi Aramco Considers Discount for Crude Loaded off Oman, Around $9 per Barrel
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According to five sources cited by Jin10 on September 28, Saudi Aramco is considering reducing the official selling price (OSP) for crude oil loaded in Omani waters to compensate buyers for surging freight costs. The move is reportedly aimed at helping Aramco regain market share lost due to shipping disruptions in the Strait of Hormuz. Sources say Aramco is in talks with some Asian refiners about potential OSP discounts to boost the attractiveness of its crude amid rising freight rates. The discount may apply to cargoes offered this week for loading in the second half of October, sold via ship-to-ship transfers near Omani waters. One source indicated the discount under discussion is around $9 per barrel. In recent weeks, as Saudi Arabia increased exports from its Gulf fields, Aramco has been selling crude loaded outside the Strait of Hormuz at a premium of $10 to $20 per barrel over its monthly OSP to Asian buyers.
Source report
September 28 — Saudi Aramco is considering lowering the official selling price (OSP) for crude oil loaded off the coast of Oman, according to five sources familiar with the matter. The move is intended to compensate buyers for increased costs driven by surging freight rates.
The potential price adjustment could help Saudi Aramco regain market share lost due to disruptions in oil shipments through the Strait of Hormuz.
Sources said the company is in discussions with several Asian refiners about possible OSP discounts aimed at making its crude more attractive amid rising shipping costs. The discounts may apply to cargoes offered this week, which are scheduled for loading in the second half of October and sold via ship-to-ship transfers near Omani waters.
One source indicated that the discount under discussion is approximately $9 per barrel.
In recent weeks, as Saudi Arabia increased crude exports from fields within the Gulf, Aramco has been selling oil loaded outside the Strait of Hormuz — off the coast of Oman — at a premium of $10 to $20 per barrel above its monthly OSP to Asian buyers.
Source
金十数据Neutral / independent
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