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Survey: Saudi Arabia's Arab Light crude oil price for sales to Asia in August reduced by $8 per barrel.

2026-06-30 03:54:20

Jinse Finance reported that on June 29, the median estimate from a survey of five traders and oil refiners showed that Saudi Aramco is likely to lower the official selling price of Arab Light crude for Asia in August by $8 per barrel month-on-month. The market forecasts a reduction range of $7 to $8 per barrel. If the August price cut materializes, it will mark the third consecutive monthly decline, with oil prices potentially falling back to levels seen in the early stages of the Iran conflict. The premium for April Arab Light crude sold to Asia, finalized in early March, was only $2.50 per barrel.

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