Saudi Aramco leave Asia oil pricing unchanged and raise for U.S. and Europe

Saudi Aramco leave Asia oil pricing unchanged and raise for U.S. and Europe
# 04 February 2021 15:52 (UTC +04:00)

Saudi Arabia kept oil pricing unchanged for its main market of Asia, defying expectations of a cut after a key OPEC+ committee expressed confidence that crude supply and demand are re-balancing, APA-Economics reports quoting Bloomberg.

State oil producer Saudi Aramco left its Asia pricing for March at the highest levels since at least September. It raised prices for all crude grades for buyers in the U.S. and Europe, according to a statement.

Aramco raised all pricing to the U.S. by 10 cents a barrel and increased prices to Europe by $1.30 or $1.40.

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