Asian buyers likely to cut Saudi crude nominations after Aramco hike in July OSP differentials

Several Asian refiners, led by China, are widely expected to make voluntary cuts to their Saudi crude oil term nominations following Saudi Aramco’s hike of 45 cents/b to the July official selling price differentials across all its grades to Asia, traders in Asia said June 6. The July OSP differential of Aramco’s key Arab Light grade bound for Asia is…