Saudi Aramco raised the price of its Arab oil in Asia to a premium of $ 6.50.
The world benchmark oil price rose on Monday, June 6, after Saudi Arabia’s decision to increase the cost of its raw materials, Reuters wrote.
Thus, Brent oil rose nearly 1 percent to $ 120.7 per barrel. WTI oil rose to nearly $ 120 per barrel.
Saudi Aramco raised the price of its Arab crude in Asia to a $ 6.5 premium on the average of Oman and Dubai benchmarks after a $ 4.4 premium in June, state oil producer Aramco said.
The July OSP price was the highest since May, when prices reached their all -time high.
Oil has risen in price, despite OPEC’s decision to increase production in July and August by 648,000 barrels per day – 50% more than planned.
Recall, on May 31, the heads of EU countries agreed on the sixth package of sanctions against the Russian Federation, under which oil imports are limited by two-thirds. Official sanctions will be announced tomorrow.
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Source: korrespondent
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