ICYMI: Saudi Arabia lowered some July price of crude for Asia, raised for Northwest Europe
Saudi Arabia state-owned oil company Saudi Arabian Oil Co. lowered its official selling price for July loadings of Arab Light to Asia to $1.20 a barrel above the Oman/Dubai average, $1.40 in June. Aramco’s latest pricing moves suggest a softer demand outlook in Asia, with cuts across its light and medium crude grades, while the price for Arab Heavy remained unchanged.In contrast, the company raised its prices to Northwest Europe and the Mediterranean by $1.80 per barrel.
Related Symbols:
EUR
AUD
This is a summary of the original article by Forexlive. To read the complete article, please visit the source website:
Read Full Article at ForexliveNews data provided by Finnhub. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
