Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest crude exporter, has raised prices for all crude oil grades to Asia in January, Reuters has reported, citing unnamed sources.

 

Aramco has hiked the January official selling price (OSP) for the Arab Light grade to Asia by $0.40/bbl compared to the previous month, with a premium of $1.65/bbl to the average of the Oman and Dubai prices published by price reporting agency Platts.

 

This is the highest premium for the Saudi grade since September 2014. 

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