TADAWUL:2222 11 May 2026 - 5 July 2026

Saudi price cut tests Asian refiners’ margins
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Saudi price cut tests Asian refiners’ margins

Saudi Aramco didn’t just trim a headline price for August. The new list scraps the last Iran-war premium on Saudi crude heading to Asia. Arab Light dropped from a $9.50 premium in July to a $1.50 discount. Four of the five top Asian grades now go under the Oman/Dubai benchmark. The three-month move in Arab Light to Asia stands out less, but it's big. The grade dropped $21 a barrel from the May premium to the August discount, according to Saudi Aramco's pricing statements cited by Reuters. That $21 is lost upstream revenue for sellers. For refiners in China, India, Japan and South Korea, that means cheaper feedstock as Gulf supply picks up.
July 6, 2026
China and Saudi Aramco Eye Oil Security with Hormuz Deal Possible
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China and Saudi Aramco Eye Oil Security with Hormuz Deal Possible

China’s National Energy Administration said deputy administrator Song Hongkun met with Saudi Aramco Downstream President Mohammed Y. Al Qahtani in Beijing on June 9. Top of the agenda: global energy security and ways to strengthen China-Saudi oil and gas ties. Saudi Arabia is a key crude supplier to China, the world’s biggest importer. The Chinese regulator said officials from both sides talked about global energy security and working together on oil and gas. Song called Saudi Aramco one of the top crude producers and said Chinese companies and Aramco have steady deals in crude and refining. According to the NEA, Al Qahtani told China that Aramco values the Chinese market and wants to keep working on refining and petroleum reserves
June 14, 2026
U.S. Stock Futures Wobble as Oil Shock Hits Fed Cut Bets and Wall Street’s Record Rally
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U.S. Stock Futures Wobble as Oil Shock Hits Fed Cut Bets and Wall Street’s Record Rally

U.S. stock-index futures barely budged early Monday, with oil prices surging after President Donald Trump shot down Iran’s answer to a U.S. peace offer—an abrupt move that nudged inflation worries back onto the radar after last week’s record-setting rally. As of 05:44 a.m. ET, Dow futures ticked up just 0.02%, S&P 500 futures were unchanged, and Nasdaq 100 futures edged higher by 0.03%. Investors kept an eye on Tuesday’s consumer price index reading, the government’s main gauge of household prices. The S&P 500 and Nasdaq set new records Friday, buoyed by artificial-intelligence names, upbeat earnings, and sturdy job numbers. But right now, another sharp jump in oil prices is throwing a wrench into that rally, reviving concerns about inflation. The
May 11, 2026