Saudi Arabia will increase the prices for all brands of oil exported to
Asia and Mediterranean states, reports Russian Oil portal.
According to Saudi Aramco national company, Arab Extra Light will
increase in price by $0.8 per barrel. The prices for other brands will
rise within $0.3-0.7 per barrel.
As for the clients from Mediterranean states the rise in price will
amount to $0.05 to $0.95 per barrel. Saudi Aramco will increase the
prices for the American market except for the brand Arab Medium, the
prices for the European market are expected to decrease.
"Talking about the prospects of oil market in general, further rise in prices looks quite probable," said the message.