United States Oil Fund (USO): SUN, APR 5, 2020 Aramco Delays OSPs Ahe...

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Sunday, 04/05/2020 7:25:52 PM

Sunday, April 05, 2020 7:25:52 PM

SUN, APR 5, 2020
Aramco Delays OSPs Ahead of Opec-Plus Talks
Saudi Aramco will delay the announcement of its official monthly crude oil selling prices (OSP) for several days to await the outcome of a producers' meeting scheduled for Thursday to address the latest upheaval in oil markets, a senior Saudi industry source told Energy Intelligence on Sunday.

Aramco was due to announce its OSPs for May on Apr. 5 amid high expectations from customers that the oil giant would offer another round of discounts following last month's deep cuts as demand continues to fall due to the economic fallout from the coronavirus pandemic.

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