Saudi Arabia raises oil prices for Asia: tight supply & anticipated surge in Indian demand ...Middle East

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The move comes as India is expected to increase purchases of Saudi and Middle Eastern crude following new U.S. tariffs. Trump recently imposed an additional 25% duty on Indian goods in response to New Delhi’s continued imports of Russian oil. Refining sources suggest this could prompt Indian buyers to pivot more heavily toward Gulf producers.

Saudi Aramco also raised prices for U.S. buyers, while lowering them slightly for European customers.

This article was written by Eamonn Sheridan at investinglive.com.

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