Saudi Aramco Hikes Crude Prices To Asia ...Middle East

Just days after the unexpected OPEC+ oil production cut, Saudi Aramco, the Saudi state-owned oil company, has raised prices of crude to Asia by 30 cents per barrel. The price hike in Aramco’s flagship Arab Light crude to Asia for May delivery represents the monthly increase in a row, Bloomberg reports. The move to increase the May OSP was not unexpected, though prior to the surprise OPEC+ announcement traders surveyed by Bloomberg had expected Arab Light prices to fall by 43 cents per barrel.   Earlier this week, analysts speculated…

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