Saudi Arabia is delaying the announcement of its crude oil official selling prices (OSPs) from the planned April 12 as the negotiations of the Organization of Petroleum Exporting Countries and its non-member allies (OPEC+) oil output cut dragged on.
According to a source with knowledge on the situation, state producer Saudi Aramco will release the OSPs on Monday.
Originally, the OSPs were planned to be released on April 5. This is the third delay on the pricing decision as the OPEC+ discussion with Mexico regarding quota dragged on.
