Saudi Arabia Sets Sept Crude Prices To Asia At Record High
Saudi Arabia, the world's top oil exporter, raised September crude oil prices for Asian buyers to record high levels despite falling refining margins.
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Saudi Arabia, the world's 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 ...