Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict.
The company was expected to boost the premium by 65 cents a barrel, according to a survey of traders and refiners.
At the same time, Aramco cut the price of all grades to the US and Europe.
Amid concerns that sluggish oil use in China will leave extra crude in the market, the OPEC+ alliance — led by Saudi Arabia and Russia — last month paused a planned output hike for two months, until the start of December.
The delay in starting to bring back barrels could leave Saudi Arabia exporting less than 6 million barrels a day, as it has for the past four months...
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