Saudi Arabia, the world’s biggest oil exporter, cut June pricing for all crude grades to the U.S. and raised most pricing to other regions.
The kingdom’s pricing appears to be aimed at easing concerns over supplies to the U.S. after the Trump Administration ended waivers for buyers of Iranian oil, while still benefiting from rising demand for its crude in Asia and Europe.
Key Insights
- Flagship Arab Light grade rises 70 cents to $2.10 a barrel over the Oman-Dubai benchmark, the biggest spread for the grade since July.
No comments:
Post a Comment