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Saudi Aramco raised crude prices or pushed up global benchmark oil prices

 Last Update: 2023-03-02
 Source: Internet
 Author: User

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oil trading price

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According to Dow Jones on April 5, James Whistler, head of energy derivatives at Simpson Spence Young, said that Saudi Aramco's increase in crude oil prices for Asian customers could push up benchmark oil prices
.
The oil giant raised the price of its flagship Arabian Light crude by $4.
40/b in May from the previous month, $9.
35/b
above the Oman-Dubai average.
The Oman-Dubai average price is Saudi Aramco's benchmark
for pegging Asian crude prices.
Whistler said it marked an all-time high for Arabian Light crude and the biggest month-on-month gain to date
.
As this key grade becomes more expensive, this could encourage international buyers to seek other grades, pushing up global benchmark oil prices
.

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