Saudi Arabia’s oil giant Aramco usually tells customers on the 5 th of each month how much they will pay for Saudi crude oil for the following month. But this month the 5 th is not just any ordinary date—apart from the coronavirus outbreak, Saudi Aramco should take into account the OPEC+ decision about deeper cuts in Q2—and this decision will come on the 6 th . So Aramco, which in ten years has never missed publishing its official selling prices (OSPs) for the following month on the 5 th of each month, has postponed the pricing announcement from Thursday to Saturday, sources familiar with the plans told Bloomberg on Thursday. In pricing its oil, Saudi Arabia takes into account the availability of its oil and the overall demand on the markets in various regions—and the availability metric is unquantifiable as of Thursday. OPEC proposed on Thursday that the […]