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. Saudi Arabia raised the price of all of its crude grades to its prized market, Asia, for September. Saudi Arabia raised the September price of Arab Light to the Far East by $0.50 per barrel to $9.80 over the Oman/Dubai benchmark. OPEC’s largest producer, Saudi Arabia, typically adjusts the selling price of its crude oil a day after the monthly OPEC+ meeting. On Wednesday,…
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