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Saudi Arabia May Raise August Oil Prices for Asia

Source: Saudi Arabia may raise August oil prices to Asia to 4-month high (2025-07-01)

Saudi Arabia is considering increasing its official selling prices (OSPs) for August crude oil exports to Asian buyers, aiming to capitalize on rising demand and higher market premiums. The move reflects the kingdom's strategy to maximize revenue amid a tightening global supply environment and robust Asian demand, which has pushed benchmark prices to a four-month high. The decision to potentially raise prices comes as Asian markets experience increased consumption and geopolitical tensions continue to support oil prices. Saudi Arabia, the world's largest oil exporter, closely monitors global market dynamics and aims to balance its production levels with revenue goals, signaling confidence in the ongoing recovery of global energy markets.

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