Flux News

OSPs: Most Important Oil Pricing Day of the Month | The Officials

Onyx Capital Group

In this episode of The Officials, we welcome a new voice to the show—Spyridon Kokas, the latest addition to the Officials team. Together, Ed and Spyridon dive deep into the imminent release of the Saudi Official Selling Prices (OSPs), expected tomorrow, and examine what recent changes in the Dubai physical market structure might mean for the August figures.

They explore:
 • The rise in Dubai physical premiums due to geopolitical tensions, especially the Israel-Iran conflict.
 • Why June trading is critical to forecasting the August OSP.
 • The Saudi strategy of discretionary OSP adjustments and what that implies for this month’s pricing.
 • The broader OPEC+ narrative of market stability, including the ongoing unwind of voluntary production cuts.
 • Summer burn factors and domestic demand dynamics in Saudi Arabia.
 • Export behaviour amid Strait of Hormuz security concerns and their implications for crude pricing signals.
 
Expect sharp insights, data-backed expectations (hint: a 65–70 cent hike is on the table), and a continued theme of pricing discipline from Riyadh. 

Don't miss our reports and real-time commentary on Twitter following the release.

🔗 Stay connected: Read our daily reports on Flux.live: https://flux.live/ 
Follow us on Twitter - @OnyxOfficials: https://x.com/OnyxOfficials 
Jorge’s LinkedIn for real-time updates @ Jorge Montepeque: 
ttps://www.linkedin.com/in/jorge-montepeque-38410bb6/

 👉 More "The Officials Explain" videos: https://www.youtube.com/playlist?list=PLLdOFnyMotk4U-xon44zYemCocDQ9SmYt
 👉 The Officials report: https://www.flux.live/the-official-reports/ 
👉 Oil swaps dictionary: https://www.onyxmarkets.co.uk/oil-sw 
👉 Get live, industry-grade data on Flux Terminal: https://www.onyxcapitalgroup.com/flux 
👉 Trade for free with Onyx Markets: https://onyxmarkets.co.uk/ 

Follow us: https://linktr.ee/onyxcapitalgroup 
YouTube: https://www.youtube.com/@worldofoilderivatives 
LinkedIn: https://www.linkedin.com/company/onyx-capitalgroup/ 
X: https://x.com/Onyx__Edge 
TikTok: https://www.tiktok.com/@onyxcgroup 
Instagram: https://www.instagram.com/onyxcgroup/