12:43 - 28.01.2025

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January 28, Fineko/abc.az. Saudi Arabia, the largest oil exporter, may raise crude oil prices for Asian buyers in March 2025 to the highest level in more than a year.

ABC.AZ reports that this is conditioned with growth of prices for benchmark oil amid increased demand from China and India, while US sanctions disrupted supplies from Russia.

The official selling price (OSP) of the reference grade of Arab Light oil in March 2025 may increase by $2-2.5 per barrel, compared with February, according to 3 respondents polled by Reuters.

Another source expects an increase of $3 per barrel.