Saudi Aramco Seen Increasing July Oil Premium for Asia Customers

The higher prices likely indicate a change in policy from that of putting downward pressure on prices to a more neutral stance.

Might have something to due with the last change in oil ministers.

We will know more when this latest chart of the history of discounts/premiums is updated:
er-6-2-16-1

Saudi Aramco Seen Increasing July Oil Premium for Asia Customers

By Serene Cheong and Sharon Cho

(Bloomberg) — Saudi Aramco may widen Arab Light premium by 40c/bbl for July sales to Asia, accord. to median est. in Bloomberg survey of 5 refiners, traders.

July Arab Light OSP fcast at 65c/bbl above Oman-Dubai bmark vs 25c/bbl premium for June

June OSP increased by $1.10 m/m vs fcast of 65c gain in a survey last mo.

For July OSP, 3 participants est. premium to rise 30-40c, 2 predict 50c-60c increase

Co. may announce OSP for July shipments in next few days

READ: Saudis Raise Oil Pricing for Asia by Most Since April Last Year