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Saudi Aramco announced on December 5 that it will raise the price of all grades of oil shipments to Asia and the United States in January 2022, with the sale price of key Arab Light oil to Asia rising by $0.
60 to a premium of $3.
30/b
from the benchmark oil price.
Asian traders and refiners expect Saudi Arabia to raise prices by $0.
70 a barrel
in the long run, according to the latest media findings.
OPEC+ decided on Thursday to keep its plan to increase oil supplies in January, and international oil prices have fallen
for the sixth week in a row.