{"id":3554,"date":"2023-07-08T13:43:27","date_gmt":"2023-07-08T11:43:27","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3554"},"modified":"2023-07-08T13:43:27","modified_gmt":"2023-07-08T11:43:27","slug":"saudi-arabia-hikes-oil-prices-for-asia-for-second-straight-month","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3554","title":{"rendered":"Saudi Arabia hikes oil prices for Asia for second straight month"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month after announcing an extension of an extra output cut on top of a broader OPEC+ deal, Reuters reported.<\/p>\n<p>Saudi Aramco hiked the official selling prices (OSP) for August-loading Arab Light to Asia by 20 cents a barrel from July to $3.20 a barrel over Oman\/Dubai quotes. <\/p>\n<p>For other regions, the top oil exporter increased its August Arab Light OSP to northwest Europe by 80 cents to $3.80 a barrel above ICE Brent.<\/p>\n<p>The OSP to the United States was also raised by 10 cents in August from the prior month at $7.25 versus ASCI.<\/p>\n<p>The price increase was largely anticipated by the market, although some Asian refiners were expecting a price cut of about 50 cents amidst poor refining margins and competition with crude from other regions.<\/p>\n<p>Earlier Monday, Saudi Arabia announced it would draw out its 1 million barrels-per-day voluntary cut to oil production to August and left the door open to extend the trim further.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month after announcing an extension of an extra output cut on top of a broader OPEC+ deal, Reuters reported. Saudi Aramco hiked the official selling prices (OSP) for August-loading Arab Light to Asia [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3554"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3555"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}