Saudi Arabia raises the price of crude oil to be sold to Asia by $17 per barrel, with the premium hitting a record high.

GateNews

2026-04-06 06:17:10

Gate News message: On April 6, as Iran nearly shut down the Strait of Hormuz’ restrictions on regional energy transport, and uncertainty over the duration of the conflict continued to roil the market, Saudi Arabia raised the price of its major crude oil exports to Asia by $17 per barrel versus last month, reaching a record-high premium versus the Oman/Dubai average (the Middle East oil pricing benchmark). Saudi Aramco set the official selling price for its May exports to Asia of Arab Light crude oil at a $19.50 per-barrel premium over the Oman/Dubai average, up $17 per barrel from last month.

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