Days after Saudi Arabia extended its voluntary production cuts, OPEC's largest producer has hiked some oil prices to Asia, Bloomberg has reported. According to the report, Saudi Arabia has increased the premium of its flagship Arab Light crude to $3.20 a barrel for August, with Asia accounting for 60% of the country's market. Price hikes by Saudi Arabia are good news for U.S. producers. Heavy trading in Dubai oil has lifted its premium to WTI crude to its highest since late March, a development that could make U.S. crude even more competitive in…
Hence then, the article about saudi arabia hikes oil prices to asia was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Saudi Arabia Hikes Oil Prices To Asia )