Saudis Leave Asia Oil Pricing Unchanged and Raise for U.S.
- Saudi Aramco keeps Arab Light crude for Asia at a $1 premium
- Buyers in Aramco’s biggest market expected price cut for March
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Saudi Arabia kept oil pricing unchanged for its main market of Asia, defying expectations of a cut after a key OPEC+ committee expressed confidence that crude supply and demand are re-balancing.
State oil producer Saudi Aramco left its Asia pricing for March at the highest levels since at least September. It raised prices for all crude grades for buyers in the U.S. and Europe, according to a statement.