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(Corrects to insert dropped word in 3rd paragraph) By Florence Tan SINGAPORE (Reuters) - Top oil exporter Saudi Arabia is expected to raise crude pric...

Saudi Aramco hiked official selling prices for its Asia-bound crude higher than the rise in the Dubai structure last month though market participants deemed the increase to be within expectations, given the ongoing volatility due to the Russia-Ukraine conflict, sources told S&P Global Commodity Insights March 7. Aramco, in a March 5 notice, raised the ...

Saudi Aramco raised official selling prices across the board for April-loading cargoes, with Asia-bound barrels seeing the largest increases between $2.15/b and $2.70/b, according to a pricing document released by Saudi Aramco on March 4. The stronger OSPs follow the recent rally in crude futures prices, including the Dubai sour complex, which have jumped following ...

Middle Eastern producers hiked oil prices for March as global inventories tighten and the disparity between OPEC’s self-reported production and third-party assessments widens

Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this month, industry sources said. The producer is expected to cut official selling prices (OSPs) of all grades by more than $1 in February from the previous month, ...

Asias demand is set to slow as refineries prepare for seasonal maintenance in the second quarter

Oil futures and Brent crude extended gains into early trade Tuesday, with U.S. crude benchmark trading above $71 per barrel (bbl) following preliminary research data suggesting the Omicron variant of coronavirus induces mild cases of the disease.

Saudi Aramco increased all of its January official selling prices for Asia and US-bound cargoes despite fears about the impact of the omicron variant on global oil demand. The price move follows the Dec. 2 meeting of OPEC and its allies when the group agreed to increase crude production as planned by 400,000 b/d in ...

Saudi Aramco raised official selling prices of its January-loading crude for Asian buyers by a smaller margin than expected on concerns of potentially weakening fundamentals for the global oil markets, sources told S&P Global Platts. Oil supplies are expected to rise because higher production by OPEC+ and the release of strategic petroleum reserves by major ...

Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month, but weak refining margins and an oil reserves release by consumers may cap gains, trade sources said.