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Saudi Arabia Increases Oil Prices for Asian and European Markets in April

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

Saudi Arabia, the world’s largest oil exporter, raised prices for April in Asia and Europe as the official selling price of Arabian Light in April was $2.5 on the Dubai-Oman index, more than 50 cents higher than in March. .

Bloomberg reported today, Sunday, that the state-owned Saudi Aramco raised the price of April deliveries of its oil to northwestern Europe by one dollar per barrel.

He told buyers in the Mediterranean that the established price of ICE Brent oil rose by $0.3.

Saudi Arabia sets the delivery schedule based on consumer orders at the beginning of each month, but the pricing policy has been significantly changed due to the situation in Ukraine, which has affected the global oil market.

Source: TASS

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