The world’s top oil exporter, Saudi Arabia, raised on Thursday its official selling prices for Asia for July shipments amid rallying international oil prices and expected strong demand going forward. Saudi Aramco lifted its OSP for its flagship Arab Light grade for key customer Asia by $0.20 to a premium of $1.
90 a barrel above the Dubai/Oman benchmark, off which Middle Eastern producers price their oil going to Asia. The increase was more than the $0.10 rise analysts polled by Bloomberg had expected. Asian refiners also expected the rise,…Saudi Arabia Hikes Oil Prices For Asia Expecting Strong Demand Rebound
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