Saudi Arabia Hikes Oil Prices To Asia Once Again
2022-07-06 07:53:17

  Saudi Arabia has raised the price of its oil to Asia once again.

  The Kingdom will be lifting its official selling prices to all regions except the United States.

  The move is a sign that Saudi Arabia sees robust demand throughout the summer.

Saudi Arabia on Tuesday raised again the price of its oil going to Asia in August to close to record differentials, in a widely expected move that tracks strong refining margins and expectations of robust demand.

Saudi Aramco announced on Tuesday that it was lifting its official selling prices (OSP) to all regions except the United States, where no change in differentials was made.

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