Saudi Arabia Raises Prices For Its Oil For Asia


(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 5. Saudi Arabia'snational oil company Saudi Aramco has raised selling prices for itsoil to Asian countries for June, Trend reports.

The price of Arab Light oil for Asian buyers has been increasedby $0.9 per barrel. Thus, the price turned out to be $2.9 higherthan the regional benchmarks Oman/Dubai. At the same time, oilrefining companies expected an increase in the cost of Saudi oilfor Asia by $0.6 per barrel.

The company increases prices for its oil for the Asian marketfor the third month in a row.

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