Saudi Arabia may raise August crude prices to Asia to near record levels

June 29, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Info via Reuters report.

Saudi Arabia may raise prices of light crude grades to Asia for the second straight month in August on the back of record distillate margins and strong spot premiums for Middle Eastern oil this month.

The official selling price (OSP) for Saudi’s flagship Arab Light crude could rise by about $2.4 a barrel from the previous month, according to nine refining sources surveyed by Reuters on June 28-29.

WTI price update following its drop on Wednesday, US time. 15 min candles:

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

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

how can we help you?

Saudi Arabia may raise August crude prices to Asia to near record levels

Share this:

Share this:

Discover more from Maheri Network