Saudi Arabia Hikes Its Oil Prices to Asia as Supply Tightens ...Middle East

OILPRICE - Economy
Saudi Arabia Hikes Its Oil Prices to Asia as Supply Tightens
source : OILPRICE ( Middle East ) () 80
The world’s top crude oil exporter, Saudi Arabia, has raised the price of its crude loading for Asia in February by more than expected as supply in the world’s largest-importing region is tightening with the continued OPEC+ cuts and reduced volumes from Iran and Russia. Saudi state oil giant Aramco has raised the price of its flagship crude grade, Arab Light, by $0.60 per barrel to a premium of $1.50 a barrel over the Oman/Dubai average, the benchmark off which Middle Eastern crude going to Asia is priced, a price list seen by Bloomberg…

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