Saudi Arabia Expected to Raise Oil Prices to Asia

Saudi Arabia could raise the price of its crude grades loading for Asia in September, on the back of higher benchmark prices in the Middle East, but weak refining margins could limit the potential hikes.   Saudi Aramco, the world’s top crude oil exporter, is expected to raise the official selling price (OSP) of all its crude grades loading for Asia next month, according to a Reuters survey of four refining sources. The Kingdom could raise the price of its flagship Arab Light grade by between $0.50 and $0.80 per barrel for September…