Saudi Arabia May Raise Its Oil Prices For Asia To Record Premiums

Asian refiners and traders expect top crude exporter Saudi Arabia to once again hike significantly the prices of its crude going to Asia in May to a record premium over the Middle Eastern benchmarks, a Bloomberg survey showed on Tuesday. The soaring oil prices and the “buyers’ strike” over purchasing Russian crude could be an opportunity for Russia’s key ally in the OPEC+ pact, OPEC’s de facto leader Saudi Arabia, to hike its official selling prices (OSPs) to another all-time high over the Oman/Dubai benchmark, off…