Saudi Arabia raises key oil prices for May, following OPEC+ decision to maintain supply cuts.
Saudi Arabia raises key oil prices for May, following OPEC+ decision to maintain supply cuts and a tightening Middle Eastern oil market. State-owned Aramco increased the official selling price of Arab Light crude for Asia by $2 per barrel to the regional benchmark, marking the second consecutive increase for the grade. The market is expected to remain tight, with key gauges rallying since the start of the month.
April 05, 2024
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