Gasoline Demand Recovery Seen in Saudi Arabia’s Price Strategy
- Arab Extra Light premium to Arab Heavy lifted in most regions
- Profits from converting crude to gasoline have bounced back
An attendant fills an automobile with fuel at a gas station in Riyadh.
Photographer: Tasneem Alsultan/BloombergThis article is for subscribers only.
Follow us @middleeast for more news on the region.
Saudi Arabia priced its lighter crudes at more expensive levels than its heavier grades in most regions, another sign that gasoline is leading the way as the global economy recovers from the coronavirus.