Tag: OIL MARKET

Saudi Arabia Lowers Light Crude Prices To Asia; US, Europe Prices Steady

September 5, 2021

Paris / France – – Saudi Arabia lowered its light crude oil prices to Asian customers in October versus September, though left prices to northwestern Europe and the United States steady. Oil giant Saudi Aramco lowered the price differential of light crude for delivery to the Far East in October to a premium of $1.7 … More Saudi Arabia Lowers Light Crude Prices To Asia; US, Europe Prices Steady

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Saudi Arabia’s June Oil Exports Rise 123% To Over $16 Bln

August 24, 2021

Paris/France – The value of Saudi Arabia’s oil exports in June increase 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non – oil exports rose by around 41%, official data showed on Tuesday. Overall exports increased by nearly 92% in June compared to a year earlier when international trade was curbed … More Saudi Arabia’s June Oil Exports Rise 123% To Over $16 Bln

Saudi Aramco Q2 Profit Soars On Higher Prices, Demand Recovery

August 9, 2021

Saudi Arabian state oil producer Aramco reported a near four – fold rise in second – quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand. Aramco said its results were supported by the global easing of COVID – 19 restrictions, vaccination campaign, stimulus measures and … More Saudi Aramco Q2 Profit Soars On Higher Prices, Demand Recovery