TechFlow News, April 6: According to JIN10 Data, as Iran’s near-closure of the Strait of Hormuz restricts regional energy transportation and uncertainty over the conflict’s duration unsettles markets, Saudi Arabia has raised the price of its primary crude oil exports to Asia by $17 per barrel compared to last month, setting a record-high premium over the Oman/Dubai average. Saudi Aramco has set the official selling price (OSP) for its Arab Light crude oil destined for Asia in May at a $19.50-per-barrel premium over the Oman/Dubai average—up $17 per barrel from last month.
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