Friday, May 9, 2025
The market is well supplied - So why is Saudi Arabia raising oil prices?- oil and gas 360

The market is well supplied – So why is Saudi Arabia raising oil prices?

(Oil Price) – OPEC+ served two surprises to the oil trading world in a matter of weeks. First, it said it would bring back three times the amount of oil supply it planned to originally in May. Then, it said it would repeat the exercise in June. And then it emerged that Saudi Arabia is raising selling prices for Asia when