Saudi Arabia Lifts Crude Prices To Asia To Record High
OPEC’s most prolific oil producer and exporter, Saudi Arabia, has raised the official selling price of its crude oil to new highs for September loadings
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OPEC’s most prolific oil producer and exporter, Saudi Arabia, has raised the official selling price of its crude oil to new highs for September loadings
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
Saudi Arabia has once against raised the price of its flagship Arab Light crude grade to Asia in a sign that the Kingdom sees robust demand throughout the summer
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Saudi Aramco raised all of its official selling prices across Asia, Europe and the Mediterranean for July-loading cargoes and kept US differentials unchanged, with Asia-bound barrels seeing the largest increases of between $1.80/b and $2.75/b, according to a pricing document released June 5. For Asia-bound crude, Aramco increased Arab Super Light by $2.75/b to an ...