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Zenger
Zenger
Bibhu Pattnaik

Saudi Arabia Boosts Oil Prices To Asia And Europe Amid Growing Market Demand And Supply Restrictions

America's Sherwin-Williams coats Saudi Aramco's Ras Tanura refinery. Saudi Aramco has increased the price of Arab Light crude for sale to Asia by 30 cents per barrel above the benchmark, settling at $3.50. CONSTRUCTION WEEK.

As supply constraints and increasing demand tighten the global crude market, Saudi Arabia has raised almost all oil prices for September to Asia and Europe.

What Happened: Saudi Aramco has increased the price of Arab Light crude for sale to Asia by 30 cents per barrel above the benchmark, settling at $3.50, Bloomberg reported.  

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