Saudi Arabian oil producer Saudi Aramco will sharply increase oil prices for buyers of USA, Asia and Europe in March, this was reported by Attaqa economic news website.
The price of the main, Arab Light brand supplied to Asia will rise $ 2.4 per barrel. This is the highest dynamic since August 2022, as a result of this inflation, the price of one barrel of Arab Light oil will exceed the price of Oman / Dubai oil basket for $ 3.9.
Last month, the US severely imposed on Russian oil forced Asian recyclers to rush to find an alternative. The Middle East oil is the closest alternative to the quality, which has led to the increase in the price of raw materials in the region.
