Saudi Arabia raised oil prices



Saudi Arabia raised oil prices

For Asia, Saudi oil rises in price for the third month in a row. Also, prices will rise for the United States and Northern Europe.





Saudi national oil company Saudi Aramco has raised oil prices for August delivery to Asia, the US and Northern Europe, Bloomberg reports citing sources on Monday, July 6.

“This step is caused by the fact that the world's largest exporter of crude oil is pushing other major producers to join it in reducing supplies to restore balance in the market,” the statement said.

According to the agency, the premium for Arab Light is $1.2 per barrel, for other grades of oil — $1 per barrel.

It is noted that prices for Asia are rising for the third month in a row.

Saudi Arabia draws up a supply schedule based on consumer requests at the beginning of each month.





Views: 95

TAGS: OIL, USA, SAUDI ARABIA, OIL PRICES

Add a comment!

Your name:
Your Email:
  • bowtiesmilelaughingblushsmileyrelaxedsmirk
    heart_eyeskissing_heartkissing_closed_eyesflushedrelievedsatisfiedgrin
    winkstuck_out_tongue_winking_eyestuck_out_tongue_closed_eyesgrinningkissingstuck_out_tonguesleeping
    worriedfrowninganguishedopen_mouthgrimacingconfusedhushed
    expressionlessunamusedsweat_smilesweatdisappointed_relievedwearypensive
    disappointedconfoundedfearfulcold_sweatperseverecrysob
    joyastonishedscreamtired_faceangryragetriumph
    sleepyyummasksunglassesdizzy_faceimpsmiling_imp
    neutral_faceno_mouthinnocent
The code:
Кликните на изображение чтобы обновить код, если он неразборчив
Enter a code: