Saudi Aramco Raises All Oil Prices for Asia ...Middle East

Economy by : (OILPRICE) -
Saudi Aramco has raised the official selling price of all the grades it exports to Asia, with flagship Arab Light for delivery in June set to become $0.90 more expensive, Bloomberg reported citing a pricing list it had seen. The move pushed international oil prices higher, Reuters reported earlier today, as it fueled expectations of stronger demand during the summer. The price hike, per Reuters, extended to Europe as well. The new price for a barrel of Arab Light comes in at $2.90 over the regional Oman/Dubai benchmark, which signals…

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