SINGAPORE: Top oil exporter Saudi Arabia may slightly cut its crude prices for Asian buyers in April, tracking the marginal decline in benchmark prices this month, traders said on Friday.
The April official selling price (OSP) for flagship Arab Light crude may decline by 20 cents to 65 cents a barrel from March, four Asian refining sources said in a Reuters survey.
That suggests the April Arab Light price could come at a premium of about $3.25-3.70 a barrel to the average of the benchmark Oman and Dubai prices, down from the $3.90 for March, the highest in more than a year.
