The cost of Arab light, the main variety provided in Asia, will increase by $ 2.4 per barrel from March.
Saudi Arabia has decided to increase quotes for European and Asian consumers. About this writes hours of Moscow.
It has been mentioned that the cost of Arab light, given to Asia a major difference -It, will increase by $ 2.4 per barrel from March – this is the maximum growth from August 2022, when brand brand oil, the world’s main guide , was exchanged in the region $ 100 per barrel after the jump, caused by the invasion of Russia.
According to the Interfax with a reference to the Saudi Aramco message, as a result, the Arab light will be $ 3.9 per barrel more than the Oman/Dubai oil basket.
For European companies who decide to buy Saudi oil with delivery in March, companies with state add a price of $ 3.2 per barrel. And for consumers from the United States, growth will be very small- $ 0.1-0.3 per barrel.
It was noted that after Saudi Aramco’s message, oil prices moved from a decrease in growth: various American VTIs were added about 0.4% to $ 75 and $ 71.4 per barrel, respectively.
The Market Press negative expectations related to the trade war, threatened to lead the US President Trump and which could lead to a slowdown in the world’s economic growth. It also appeared that Trump had ordered his administration to strengthen economic pressure in Iran. But that didn’t stop the prices.
Remember that by the end of January, Donald Trump said he intended to ask Saudi Arabia and OPEC to reduce the cost of oil, and surprised why they did not do so before the election “in the United States.
In Saudi Arabia, Trump answered for the oil. According to Feisal Alibrahim, Saudi Arabia’s economic minister and planning, oil demand is growing in the world market, so Saudi Arabia considers it necessary to ensure effective supplies to cover this request.
Source: korrespondent
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