Saudi Arabia has made its most aggressive move in the oil markets by cutting May crude prices for Asian buyers to four-month lows while simultaneously participating in an unexpected OPEC+ production increase. The kingdom appears to be prioritizing market share over price stability in a rapidly evolving energy landscape. Saudi Aramco, the state oil giant, slashed its May official selling price (OSP) for flagship Arab Light crude by $2.30 per barrel, pricing it at a premium of just $1.20 above the Oman/Dubai benchmark average, according to the company’s pricing document released on Sunday, April 6, 2025. This marks the steepest … Continue reading Saudi Arabia Cuts Oil Prices by $2.30 as OPEC+ Triples Output With 411,000 Barrels Added to May Supply