Aramco Delays Oil Pricing Amid Saudi-Russia Row on Oil Cuts

Saudis postpone official selling prices for May until April 9
Saudi-Russian rift jeopardizes new deal to curb global output

Three-phase spheroids stand behind pipelines at Saudi Aramco's crude oil processing facility in Abqaiq, Saudi Arabia.Photographer: Dina Khrennikova/Bloomberg

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By Anthony Di Paola

April 5, 2020 at 5:39 AM UTC

Updated on

April 5, 2020 at 10:51 AM UTC

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Saudi Arabia is delaying the release of its closely-watched monthly oil-pricing list until later this week as the kingdom spars with Russia over a potential meeting of global producers that would aim to halt the collapse in crude.

State oil producer Saudi Aramco is now set to announce its official selling prices for May on Thursday, according to people with knowledge of the situation who asked not to be identified because the information is private. The OSPs, as the prices are known, were due on Sunday.