Saudi Aramco just made its biggest pricing concession since 2022, and the message to Asian buyers is clear: we need you more than you need us right now.
The state oil giant cut the official selling price for its flagship Arab Light crude to Asia by $6 per barrel for July loadings, bringing the premium down to $9.50 above the Dubai/Oman benchmark. That’s a sharp retreat from the $15.50 premium charged in June, and an even sharper one from May’s record $19.50.
The numbers tell a demand story
This isn’t just about Arab Light. Every Saudi crude grade headed to Asia got the same $6 haircut for July.
The reduction follows a $4 cut applied in June, making this the second consecutive monthly decrease.
