12:41 - 7.07.2025

---

July 7, Fineko/abc.az. Saudi Arabia will raise oil prices for Asian and European buyers in August, ABC.AZ reports, referring to state-owned company Saudi Aramco.

Key export grade Arab Light, destined for the Asian market, will become more expensive by $1 per barrel, reaching a four-month peak.

Its price will exceed the value of oil basket Oman/Dubai by $2.2.

For northwest Europe and the Mediterranean countries, the cost of all grades of oil will increase by $1.4 per barrel.