Saudis Raise Crude Pricing to All Regions as OPEC+ Extends Cuts

(Bloomberg) — Saudi Arabia raised crude pricing to all regions a day after OPEC+ producers extended historic output cuts for another month to bolster oil’s rally, according to a pricing list seen by Bloomberg.The pricing decision for July exports to Asia is the second consecutive increase for most of the grades state producer Saudi Aramco sells to its biggest market, the information showed.Aramco raised pricing for crude grades to Asia by between $5.60 and $7.30 a barrel — more than expected. Pricing for the key Arab Light grade to Asia was hiked by $6.10 to a premium of 20 cents …read more

Source:: Yahoo Finance

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