Saudi Arabia May Raise Its Oil Prices For A Fifth Consecutive Month

October 3, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Saudi Arabia may raise the official selling price of its flagship Arab Light blend for Asian buyers for the fifth month in a row, Reuters has reported, citing strong demand for the commodity. The news outlet polled five respondents who said Riyadh could raise the price of the medium sour crude for November delivery by some $0.45 per barrel. Last month, Saudi Arabia raised the official selling price for Arab Light for Asia by $0.10 cents per barrel to $3.60 a barrel over the Oman/Dubai average, the Middle Eastern benchmark, off which grades…

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.

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Saudi Arabia May Raise Its Oil Prices For A Fifth Consecutive Month

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