Saudi Arabia May Raise Oil Prices For Asia Further

June 30, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Saudi Arabia may hike its official selling price for crude oil sent to Asia for the second month in a row to take advantage of strong premiums for Middle Eastern oil grades and record-high distillate margins, Reuters has reported. The price for the Kingdom’s flagship grade, Arab Light, could cost $2.40 per barrel more in August, according to sources from the refining industry that Reuters polled this week. “Refining margins are very solid and we expect demand to stay robust in the near term,” the sources said. Saudi Arabia raised its official selling…

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.

Saudi Arabia May Raise Oil Prices For Asia Further

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