“Saudi Arabia has not yet responded to the calls of Donald Trump to increase production to greatly reduce the world’s oil prices, and even decided to increase quotations for European and Asian buyers.”, – WRITE: epravda.com.ua
Saudi Arabia has not react yet to the calls of Donald Trump to increase production to greatly reduce the world’s oil prices, and even decided to increase quotations for European and Asian buyers. About it writes the edition of The Moscow Times. The cost of Arab Light, the main variety supplied to Asia, from March will be increased by $ 2.4 per barrel – this is the maximum growth since August 2022, when the Brent oil, the main worldwide landmark, was traded in the area of $ 100 per barrel after the jump caused Russian invasion of Ukraine. As a result, Arab Light will be $ 3.9 per barrel more expensive than Oman/Dubai oil basket, writes Interfax with reference to Saudi Aramco. Advertise Increases the price by $ 3.2 per barrel. And for US buyers, growth will be quite small – $ 0.1-0.3 a barrel. Following Saudi Aramco, oil prices have moved from decrease to growth: US variety WTI was added about 0.4% to $ 75 and $ 71.4 per barrel, respectively. So far, negative expectations in connection with the Trade War, which threatens to solve Trump and which can slow down the growth of the world economy. Advertising: there were also reports that Trump instructed his administration to increase economic pressure on Iran. . But this did not stop the price decrease. At the end of January, Trump stated that he was going to ask Saudi Arabia and OPEC to reduce the cost of oil, and expressed surprise why they “did not do it before the election” in the US. Recall that oil prices increased after the state oil company of Saudi Arabia sharply raised the cost of March deliveries. However, this growth occurred against the backdrop of the largest Brent quotes in the day before.