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Tag: price volatility management
Strained Equilibrium: U.S. Oil Inventory Surge and Saudi Price Cuts in a Shifting Energy Landscape
U.S. Oil Inventory Surge: On June 5, 2025, U.S. crude oil futures declined as fresh data revealed a substantial increase in domestic gasoline and distillate inventories, while Saudi Arabia sharply cut its official selling prices (OSP) for July shipments to Asia. The Energy Information Administration (EIA) reported a 5.2 million-barrel build in U.S. gasoline stocks and a 4.2 million-barrel rise in distillates—far exceeding analysts’ consensus expecting only marginal builds (EIA, 2025). Simultaneously, the Saudi oil ministry announced a US$0.20 per barrel reduction in Arab Light’s July price to Asia, lowering the OSP to US$1.20 above the Oman/Dubai benchmark—the lowest level since May 2021 (Reuters, 2025). This confluence of bearish supply data and aggressive OSP cuts signals mounting tensions between production policy, market stability, and domestic energy regulation.