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Saudi Arabia Raises Oil Prices to Asia...
08 Oct, 2024 12:52 47 min read
Saudi Arabia raised the price of its Arab Light crude for Asia by $0.90 per barrel for November, exceeding market expectations, reflecting stronger demand in the region. Meanwhile, prices for the U.S. and Europe were cut, potentially aiming to regain market share in Europe. The divergent pricing strategies suggest expectations of regional imbalances, as oil prices surged due to tensions in the Middle East.... More