Commodities and Futures News

Saudi Arabia sets Sept crude prices to Asia at record high – sources

08/04/2022

Less than a minute

2022.08.04 12:50

Saudi Arabia sets Sept crude prices to Asia at record high - sources
FILE PHOTO: A model of 3D printed oil barrels is seen in front of displayed stock graph going down in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration

SINGAPORE (Reuters) – Saudi Arabia, the world’s top oil exporter, raised September crude oil prices for Asian buyers to record high levels despite falling refining margins.

The official selling price (OSP) for September-loading Arab Light to Asia was raised by 50 cents a barrel from August to $9.80 a barrel over Oman/Dubai quotes, people familiar with the matter said, leapfroging the previous record of $9.35 per barrel set in May.

08/04/2022

Less than a minute

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