Aramco Delays April Oil Pricing as OPEC Leaves Market in Limbo

World’s biggest crude exporter plans to set OSPs on Saturday
OPEC meets Friday with allies, including Russia to talk cuts

The Natural Gas Liquids (NGL) facility stands among desert dunes in Saudi Aramco's Shaybah oilfield in the Rub' Al-Khali (Empty Quarter) desert in Shaybah, Saudi Arabia, on Tuesday, Oct. 2, 2018.Photographer: Simon Dawson/Bloomberg

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By Anthony Di Paola

March 5, 2020 at 4:31 PM UTC

This article is for subscribers only.

Saudi Aramco is delaying the release of its monthly crude-pricing announcement, an exceptional step by the world’s biggest oil exporter, as it waits to see if the OPEC+ alliance will deepen cuts in global output.

Aramco plans to announce on Saturday the official pricing for crude that will be exported in April, according to people with knowledge of the situation. It had planned to issue the pricing on Thursday, said the people, who asked not to be identified since the information is confidential.