Thursday, 8 December 2011

Saudi oil price rise reflects tight market - FT.com

Most retailers wouldn’t dream of raising prices in a recession.
And yet in the oil market, that is precisely what Saudi Arabia appears to have done.

The world’s top oil exporter on Monday announced its official selling prices – or OSPs – and they came as a rather nasty shock to its refiner clients, especially those in Asia.

No comments:

Post a Comment