Saudi Arabia is expected to raise the price of its flagship crude loading for Asia in August to a four-month high as demand strengthens in the summer and buyers seek more term supplies amid volatile spot prices. Saudi oil giant Aramco, the world’s top crude exporter, is set to raise the price of its Arab Light crude in Asia for August by between $0.50 and $0.80 per barrel to up to $2.00 a barrel over regional benchmarks, according to a Reuters survey of five Asian refining sources. Last month, Saudi Arabia reduced its official selling prices…
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