Page 7 - Arab Medium News Today

The full concession of oil supply comes despite the decision by the Organisation of the Petroleum Exporting Countries

Saudi Aramco will not cut the oil volumes it exports to clients in North Asia when it cuts production in November

Just a day after OPEC+ roiled the White House with its decision to slash oil production by 2 million barrels per day, the cartel's key decision-maker Saudi Arabia decided to hold crude prices steady for Asian markets and lower those for Europe, defying market expectations for increases.

Top oil exporter Saudi Arabia may raise prices for most crude grades it sells to Asia in November on expectations for demand recovery and Chinese refineries to increase output following the issuance of new product export quotas. The November official selling prices (OSP) for flagship Arab Light crude may rise by 25 cents a barrel,

Middle East oil exporters have made only slight upward adjustments to their OSPs in August as they adjust to demand destruction fears

Saudi Arabia, the worlds top oil exporter, raised September crude oil prices for Asian buyers to record high levels despite falling refining margins.

Saudi Arabia, the world’s top oil exporter, raised September crude oil prices for Asian buyers to record high levels despite falling refining margins.

Middle East oil producers have raised prices of lighter crudes for August delivery, but remain somewhat cautious as fears of demand destruction continue to spook the markets

RIYADH: Saudi Arabia is offering some of its crudes at steep discounts amid rising competition from Russia with Moscow flushing cheap oil into the market, Bloomberg reported. This has forced Riyadh to set the pricing of its Arab Heavy and Arab Medium grades at the largest discount related to Arab Light since 2014 for August-loading cargoes to Asia, data compiled by Bloomberg

Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia for the second straight month in August on the back of record distillate margins and strong spot premiums for Middle Eastern oil this month. The official selling price (OSP) for Saudi’s flagship Arab Light crude could rise by about $2.4 a ...