Saudi Aramco lowers most June OSPs for Asia, Europe from record highs

Saudi Aramco lowered almost all of its official selling prices across Asia, Europe and the Mediterranean for June-loading cargoes and kept US differentials unchanged, with Asia-bound barrels seeing the largest decreases of between $4.95/b and $5.10/b, according to a pricing document released May 8. For Asia-bound crude, Aramco decreased Arab Extra Light, Light, Medium and Heavy by $4.95/b to premiums…