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Bloomberg | Saudi Arabia Hikes Prices for Asian Oil Sales After OPEC+ Cuts, 5 Apr confirmation
State-owned [sic] Saudi Aramco raised its selling price for flagship Arab Light crude to Asia by 30 cents a barrel, boosting prices for a third consecutive month. Traders who were surveyed before the shock OPEC+ decision had expected Arab Light prices to fall by 43 cents a barrel.
March Saudi Arabia Raises Oil Prices for Asia and Europe for April
[...]
Aramco sells about 60% of its crude shipments to Asia, most of them under long-term contracts, pricing for which is reviewed each month. China, Japan, South Korea[,] and India are the biggest buyers.
Saudi Aramco to invest billions in Chinese petrochemicals, 27 Mar
..."This announcement demonstrates Aramco's long-term commitment to China and belief in the fundamentals of the Chinese petrochemicals sector," Aramco executive vice president Mohammed Al Qahtani said in a statement. "It also promises to secure a reliable supply of essential crude to one of China's most important refiners."...

one year ago Aramoco Rosneft CNPC, where the NEW money is headed
by Cat on Wed Apr 5th, 2023 at 05:25:52 PM EST
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