Houston-Saudi Aramco cut most of its official selling prices for crudes lifting in June and bound to the US, term lifters said May 5. The Saudi Arabian state company lowered its Extra Light OSP by $1.15 to WTI minus $1.95/barrel, FOB Ras Tanura, and lowered its Arab Light OSP by 70 cents to WTI minus $2.95/b. Aramco cut its Arab Medium OSP by 25 cents to WTI minus $4.10/b, while leaving its Arab Heavy OSP unchanged at WTI minus $4.85/b.
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