Saudi Aramco delays official selling prices for crude to next week, says source

Saudi Aramco typically issues its official selling prices (OSPs) by the 5th of each month

  
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Image used for illustrative purpose.

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Image used for illustrative purpose.

REUTERS/Maxim Shemetov

DUBAI - State oil company Saudi Aramco will delay the release of its September official selling prices (OSPs) for crude until early next week, a person familiar with the matter said on Tuesday.

The Muslim religious holiday of Eid al-Adha ends on Saturday in Saudi Arabia.

Saudi Aramco typically issues its official selling prices (OSPs) by the 5th of each month, setting the trend for Iranian, Kuwaiti and Iraqi prices and affecting more than 12 million barrels per day of oil bound for Asia.

(Reporting by Rania El Gamal; Editing by Edmund Blair) ((lisa.barrington@thomsonreuters.com;))

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