Saudi Aramco May Raise Oil Prices on Gain in Refiners’ Profit

Saudi Arabian Oil Co., the world’s biggest crude exporter, may raise the official selling prices of all of its December-loading supplies to Asia as processing profits for refiners have climbed.

Arab Light, Saudi Arabia’s largest export type, may be lifted by 35 cents from November, according to the median of eight responses from officials in a Bloomberg News survey of regional refiners. That would put the price at a premium of 30 cents a barrel to the average of Persian Gulf benchmarks Oman and Dubai, the highest since January. Arab Extra Light may be raised by 40 cents, said the refinery officials, who asked to remain unidentified, citing company policy. That would set the level at a $1.25 premium to the benchmarks, the most since June.