Saudis having a lot of fun Saudi Arabia will likely raise the official selling price (OSP) differentials for Asia for December, to reflect an October premium in the spread between two Dubai benchmarks that it is using to calculate selling prices for its crudes, traders surveyed by S&P Global Platts said on Monday. According to five traders polled by Platts, Saudi Aramco will probably lift the price differentials for the Arab Light, Medium and Heavy crude grades by between US$0.70 and US$1.20 per barrel. The spread between the cash Dubai crude and Dubai crude swaps has been a premium of US$0.06 per barrel so far this month, versus a discount of US$0.87 per barrel last month. Earlier this month, the Saudis had lowered the official selling prices for November for their various grades to various geographies, including to Asia and to Europe. According to traders surveyed by Platts, other […]