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Saudi Arabia has raised its main oil prices for buyers in Asia well above expectations

October 05, 2024 at 05:28PM
Mixed news out of Saudi Arabia, info comes via Bloomberg citing a pricing list they’ve seen:

Saudi Aramco raised the official selling price of its key Arab Light crude to Asia by 90 cents, bringing it to a $2.20 per barrel premium over the regional benchmark

vs. expected 65 cents / bbl

cut the price of all grades to Europe and the US though

Saudi Aramco is the state owned oil producer.

The oil price jumped last week in response to a ratcheting higher of conflict in the Middle East.

Chart from ForexLive free charting, access it here

This article was written by Eamonn Sheridan at www.forexlive.com.

Saudi Arabia has raised its main oil prices for buyers in Asia well above expectations