Saudi Aramco has increased the cost of a barrel of oil for Asian consumers for August deliveries by $ 1. Thus, Arab Light will be sold at $ 1.2 more expensive than in the Middle East market.
In March, according to Rambler, after the failure of negotiations with Russia to reduce production in order to maintain prices, Saudi Arabia increased production and oil fell sharply. In April, the countries participating in the OPEC + agreement, including Russia and Saudi Arabia, agreed to reduce production in order to restore balance in the oil market.
. (Source: rambler)