Riyadh – Mubasher: The Saudi Arabian Oil Co, known internationally as Saudi Aramco raised prices for all crude oil grades to Asian customers in January, Reuters on Tuesday reported, citing an informed source as saying.
The largest international oil producer raised official selling price for its Arab Light grade for Asian customers by 40 cents per barrel, compared to the month before, with a premium of $1.65 per barrel, the agency added.
“This is the highest premium for the flagship Saudi grade since September 2014,” Reuters concluded.
