1222 GMT - OPEC+'s upcoming decision on its oil output plans for June is set to influence how Gulf producers set their crude export prices. If the group chooses to speed up the unwinding cuts for a second consecutive month, producers like Aramco could keep their June crude selling prices unchanged or even make small cuts, Argus Media says, citing refiners in Asia-Pacific. On the other hand, if OPEC+ sticks to its original output plans, Saudi Arabia could take advantage of a firmer Mideast Gulf market in April and raise prices. "Aramco typically issues its monthly crude formula prices by the fifth of each month preceding loading, although any unexpected change in Opec+ policy may delay the release of its June formula prices," Argus says.(giulia.petroni@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 08:23 ET (12:23 GMT)
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