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Oil markets see price shifts as Saudi Aramco cuts Arab Light OSP
Global oil markets are seeing shifts in pricing and sales. Saudi Aramco has set its September official selling price (OSP) for Arab Light crude to Asia at $2 below the Oman/Dubai average, marking its lowest level since June 2020.
In Azerbaijan, the price of Azeri Light crude has seen slight decreases, falling to $95.50 per barrel at the Augusta port in Italy and $92.69 per barrel at the Ceyhan port in Turkey. Additionally, Urals crude prices dropped to $65.04 per barrel.
Azerbaijan's domestic fuel market showed growth, with gasoline and diesel fuel sales reaching $1.3 billion through retail networks between January and July 2026, a 4.9% increase compared to the previous year.
Entities
Azerbaijan · Iran · Saudi Arabia · Saudi Aramco · State Statistics Committee · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [DISPUTED] Azerbaijan sold $1.3 billion worth of gasoline and diesel fuel through its retail network from January to July.
- [○ 1 SOURCE] Azeri Light crude price at the Ceyhan port in Turkey decreased by $0.06 to $92.69 per barrel on an FOB basis. az.trend.az
- [○ 1 SOURCE] Azeri Light crude price at the Augusta port in Italy decreased by $0.07 to $95.50 per barrel on a CIF basis. az.trend.az
- [○ 1 SOURCE] Urals crude price decreased by $0.21 to $65.04 per barrel. az.trend.az
- [DISPUTED] Fuel sales in Azerbaijan from January to July increased by 4.9% compared to the same period in 2025.