Saudi Arabia Unexpectedly Raises Oil Prices for Next Month

Traders and refiners expected Aramco to lower March prices
Move comes despite crude prices falling around 7% this year

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Sharon Cho, Serene Cheong, and Sherry Su

February 6, 2023 at 11:05 AM UTC

Updated on

February 7, 2023 at 7:10 AM UTC

This article is for subscribers only.

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Saudi Arabia signaled it’s optimistic about oil demand by unexpectedly raising prices for customers in its main market of Asia, while also lifting those for Europe and the US.