Saudi Aramco May Hike Flagship Crude Prices To Record High Over Benchmarks

Saudi Arabia could hike the price of its flagship crude grade going to Asia in September to a record-high premium over benchmarks, a Bloomberg survey of expectations of five Asian refiners showed on Wednesday. Saudi Aramco, the state oil giant of the world’s top crude oil exporter, is expected to lift the official selling price (OSP) of its flagship Arab Light grade for September loadings for Asia by $1.50 a barrel compared to the August price, per the median estimate in the Bloomberg survey. Thus, Arab Light could be sold in Asia next month…