Saudi Arabia Increases September Price of Arab Light Crude to Asia

OIL PRICE - Top oil exporter Saudi Arabia has raised the price for the flagship Arab light crude it sells to Asia in September by 20 cents to $2 a barrel above the Oman/Dubai average, Saudi Aramco said in a statement on Sunday, marking the first increase in three months.

A meeting of top OPEC+ ministers on Thursday kept the oil exporting group's output policy unchanged, including a plan to start unwinding one layer of output cuts from October, and repeated that the move could be paused or reversed if needed.

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