Saudi Aramco Raises All December Oil Prices to Asia
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Saudi Aramco, the world’s largest state-owned oil company, raised official selling prices on all crude grades for customers in Asia for December, in a third consecutive monthly increase as refiners’ profits climbed.
The company increased the formula price for Arab Super Light crude to Asia the most, raising it by $1.45 a barrel to a $3.35 premium over the average of Oman and Dubai grades, according to a person familiar with the pricing decision.