{{tag>ksa indicators basics}}

====== OSP ======

//Official Selling Price//

Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global surplus.((https://archive.ph/g4dH9#selection-1639.0-1639.166))

Saudi crude OSPs are <wrap hi>usually released around the fifth of each month</wrap>, and <wrap hi>set the trend for Iranian, Kuwaiti and Iraqi prices, affecting about 9 million barrels per day of crude bound for Asia</wrap>, according to Reuters.((https://archive.ph/3pJGs#selection-8103.0-8106.0)) ((2024))

Experts believe that Saudi Arabia is expected to <wrap hi>raise the official selling price of crude oil exported to Asia</wrap> for February. This could <wrap hi>confirm an increase in demand for Middle Eastern supplies from Asia</wrap>.((https://archive.ph/PJgMy#selection-8075.0-8078.0))

Also, <wrap hi>the decision to raise oil prices reflects good demand for Middle Eastern crude grades</wrap>.((https://archive.ph/JJu4j#selection-8191.32-8191.39))