Asian Buyers Caught Off Guard by Saudi Price Hike

By Freddie Yap Senior Oil Markets Correspondent

Tue, Feb 7, 2023

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Asian buyers were caught off guard by an increase in the official selling price (OSP) for crude from Saudi Arabia, after market players had expected sales prices to fall this month.

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Freddie Yap

FREDDIE YAP is a Senior Writer with 15 years of experience covering East of Suez crude and oil product markets. He is interested in digging beneath the surface of market developments to uncover the backstories and the underlying dynamics. He is also intrigued by refining developments – even sometimes obscure refining processes – and exploring what these mean for crude and product markets.