Saudi Arabia hikes oil prices as Asia eases COVID-19 restrictions


Source: naturalnews.com naturalnews.com

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Natural News ) The Kingdom of Saudi Arabia (KSA) has raised oil prices more than expected for its largest market in Asia as the region eases out of Wuhan coronavirus (COVID-19) restrictions. Bloomberg reported that the increase for July shipments resumes a series of hikes that started in February. Aramco increased its key Arab Light crude grade for Asian customers by $2.10 a barrel from June to $6.50. The market was only expecting a boost of $1.50 , according to a Bloomberg survey of refiners and traders. The gas company also elevated all grades for the north west Europe and...