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In Foreign Affairs

Saudi Aramco reports rising oil sales in Asia

7th May 2020

Saudi Aramco reports rising oil sales in Asia Pin It

Saudi state oil concern Saudi Aramco increases crude oil sales price to Asian customers. Earlier discounts were offered to customers in Asia. However the exact numbers are not published.

Prices for oil deliveries to Europe are also rising. Saudi Aramco thus appears to be responding to an improving demand for oil in large sales markets. A production restriction was previously agreed between OPEC oil cartel and other countries, including Russia, in order to bring prices to a manageable level.

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