Saudi Arabia Will Extend Incentive Discounts into June 

Saudi Arabia has decided to extend its incentive price discounts on crude oil sales to term customers to cover the month of June, MEES understands. The discounts in question were originally notified to customers on 1 May and offered for the month of May only (MEES, 5 May).

The Saudi decision to offer its customers discounts off the regular netback formula price was in the first place motivated by dissatisfaction at...