*Saudi Aramco increased its official selling prices for May loadings to record levels across the board due to the closure of the Strait of Hormuz. Its flagship Arab Light crude to Asia is priced at a massive $19.50/B premium to Dubai/Oman, up from $2.50/B for April.
*Despite the spike, the OSPs have been positively received by buyers, with the consensus being that they could have been significantly higher, given price movements in Platts Dubai and the GME Oman contract last month. (CONTINUED - 178 WORDS)
