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Oil heads up - Saudi Arabia's state oil giant Aramco will be setting OSP's

Saudi Aramco's OSP, or Official Selling Price, refers to the price at which Saudi Aramco, the national oil company of Saudi Arabia, sells its crude oil to its customers. The OSP is announced monthly, usually sometime around the 5th of the month. Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil over the past month, based on yields and product prices. Saudi Aramco's OSP serves as a benchmark for pricing crude oil in... Read More

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Posted: May 4 2023, 02:29

Author Name: forexlive

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