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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Saudi Arabia Raises Arab Light Crude Prices for Asia for 3rd Month

Saudi Arabia Asia Oil Oman
A view shows branded oil tanks at the Saudi Aramco oil facility in Saudi Arabia (File photo: Reuters)

Saudi Arabia, the world's top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month, informed sources said.

The official selling price (OSP) for May-loading Arab Light to Asia was raised by 30 cents a barrel from April to $2.80 a barrel over Oman/Dubai quotes, the sourced added, according to Reuters.

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