The Saudi-based oil colossus, Aramco the planet s principal exporter of crude oil heightened the value of its primary crude varieties for May on Friday, mirroring a significant increase in Middle Eastern benchmarks in a progressively constricting market. It s the second month in a row that Saudi Arabia has elevated the cost for Arab Light, a top-tier product that fills the Asian markets, an increase that surpassed projections. The determination for the official selling price (OSP) of Arab Light in May was brought to a premium of $2.00 over the Oman/Dubai average by hiking it $0.30 per barrel. This
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Monday 13 October 2025
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Expanding Market Forces Saudi Arabia to Boost Oil Prices
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