Saudi Arabia raised Arab Light crude oil price for Asian customers for the first time in 3 months.

Saudi Arabia raised Arab Light crude oil price for Asian customers for the first time in 3 months, signaling confidence in Asia's demand. State-owned Saudi Aramco increased the September official selling price by 20 cents to $2 a barrel above the regional Oman-Dubai benchmark. The move follows OPEC+ maintaining their current production plans. However, there's concern over potential supply surplus if OPEC+ proceeds with unwinding some voluntary cuts.