*Saudi Arabia has hiked all of its OSPs for June-loading cargoes, with those for heavier grades hiked the most, some to the highest level in well over 10 years.

*This comes as the end of ‘waivers’ on US sanctions on buying of Iranian crude is set to see exports slump from this month (MEES, 10 May). Saudi Arabia has been a key backer of US president Trump’s hardball stance on Iran. (CONTINUED - 730 WORDS)