Saudi Aramco Raises May Arab Light Oil Price to Asia to Record Premium

According to Bloomberg, Saudi Aramco set its Arab Light crude May selling price for Asia at $19.50 above regional benchmarks, as concerns grow over Iran and the Strait of Hormuz (key global oil shipping route).

25d ago

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Terms & Concepts

Strait of Hormuz: A strategic maritime chokepoint through which a large share of global oil exports passes, making disruptions important for energy and risk markets.
Regional benchmarks: Reference oil prices used to set premiums or discounts for crude sales in a specific market, such as Asia.
Arab Light crude: A flagship Saudi crude oil grade widely exported to Asia and priced relative to regional oil benchmarks.