Saudi Arabia has raised oil prices to a record premium level.

CycleProphet · 2026-04-06T06:21:18+00:00

Deep Tide TechFlow News, April 6th, according to Jinshi Data, reports that as Iran nearly closes the Strait of Hormuz, restricting regional energy transportation, and market volatility is fueled by the uncertainty of the conflict's duration, Saudi Arabia has raised the price of its main crude oil exports to Asia by $17 per barrel compared to last month, setting a record high premium over the Oman/Dubai average price. Saudi Aramco has set the official selling price of its Arab Light crude oil for Asian sales in May at a premium of $19.50 per barrel over the Oman/Dubai average, up $17 per barrel from the previous month.

CycleProphet

2026-04-06 06:21:18

Deep Tide TechFlow message. On April 6, according to data from Jintou, as Iran’s near-closure of the Strait of Hormuz has limited regional energy transport, and uncertainty about the duration of the conflict has kept the market unsettled, Saudi Arabia has raised the price of its benchmark crude oil—mainly sold to Asia—by $17 per barrel from last month, bringing the premium versus the average of Oman/Dubai to a record high. Saudi Aramco has set the official selling price for its May Arab Light crude oil for sales to Asia at a premium of $19.50 per barrel versus the average of Oman/Dubai, up $17 per barrel from last month.

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