Analysts see no change in policy in lowering Saudi oil price 16:17

Saudi Arabia’s adjustment to oil prices reflects current market conditions, not a change in the kingdom’s policies. this view Reuters analysts and industry sources said.

On January 7, Saudi Arabia reduced the official selling price of its flagship Arab Light brand for February deliveries to Asian buyers to a 27-month low. Asia is the kingdom’s largest market.

Some observers saw this as Riyadh abandoning its previous policy, as it had in March 2020 and November 2014. However, experts believe that this time we are talking about bringing the price in line with the market situation.

Saudi Arabia has increased the price of its oil for five months of 2023. According to RBC analyst Croft, the correction does not indicate an impending change in approach; It aims to offset the cost of Saudi oil with other grades in a less favorable environment.

Before that Americans to buy Russian oil is more expensive than the ceiling price.

previous storm I am impressed For the supply of Russian oil through Novorossiysk.

What are you thinking?

Source: Gazeta


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