Asian refiners expect fresh Saudi oil price cuts in June - survey
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SINGAPORE (Reuters) - Asian refiners see Saudi Arabia cutting the official selling prices (OSP) of its crude for a fourth straight month in June after Middle East benchmarks slumped on poor refining margins as the coronavirus pandemic slammed demand.Saudi Arabia is expected to reduce the June OSP for Arab Light crude by $3.72 a barrel, according to an average of estimates from six refinery sources in a Reuters survey. All respondents said they expect a cut, though predictions ranged from just 50..