Saudi Arabia Raises Asia Oil Price as Volatility Grips Market

Aramco sets Arab Light crude to Asia at $2.20/barrel premium OPEC+ agreed last month to delay output increase to December Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict. State producer Saudi Aramco increased the official selling price of its main Arab Light crude grade by 90 cents to a premium of $2.20 a barrel against the regional benchmark for buyers in Asia, according to a price list seen by Bloomberg. The company was expected to boost the premium by 65 cents a barrel, according[...]

By |October 7th, 2024|Categories: Commercial|Tags: , , , , |0 Comments
  • Saudi Arabia Raises Asia Oil Price as Volatility Grips Market

    Aramco sets Arab Light crude to Asia at $2.20/barrel premium OPEC+ agreed last month to delay output increase to December Saudi Arabia raised its main oil prices for buyers[...]

    Published On: October 7th, 20240.6 min read
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