Monday, September 5, 2016

Saudi Raises Pricing On Increased Asian Demand -- September 5, 2016

Link here.
Saudi Arabia, the world’s largest crude exporter, raised pricing for October oil sales to Asia and the U.S. in a sign of strengthening demand.
State-owned Saudi Arabian Oil Co., known as Aramco, increased its official selling price for Arab Light crude to Asia by 90 cents a barrel, to 20 cents below the regional benchmark.
The company had been expected to raise Arab Light prices by 50 cents a barrel, to 60 cents less than the benchmark for Asian buyers.
We're still talking chump change but at least the trend is encouraging. 

Boom or Bust, Wes St Jon
Yes, actual video of Williston.

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