All Articles
market
Aramco Cut Its August Oil Price to Asia by $11 — the Biggest Cut Since 2003
Aramco set its August 2026 Arab Light OSP to Asia at $1.50 below the Oman/Dubai average, an $11 cut from July's $9.50 premium and the largest single-month move in Reuters records back to 2003. What an official selling price is, how Arab Light is benchmarked, and whether the cut signals a price war.
data
Saudi Arabia Is Selling Less Oil for More Money. It Is Still Short.
Saudi oil revenue rose 22% year on year in the second quarter of 2026 while crude output fell to 6.70 million barrels a day and oil GDP contracted 24.7%. A quarter-by-quarter decomposition of price, volume and the official selling price differential — and why the offset stops working.