Saudi Arabia sets official selling price for Arab Light crude to ‎Asia – Sources ‎

Well-informed sources said today, Monday, that Saudi Arabia, the largest oil exporter in the world, raised the official selling price for Arab Light crude in March to buyers from Asia, the first increase in six months.

According to Reuters, the sources added that the official selling price of Arab Light crude, for March loading, rose by 20 cents per barrel from February, which means a premium of two dollars per barrel over the average of Oman and Dubai crude.