Oil Buyers Brace For Saudi Arabia To Boost Prices Once Again

Saudi Arabia may raise the price of its crude for the third month in a row for September cargos, according to sources from the refining industry surveyed by Reuters. Per those sources, Asian buyers of Saudi crude could see September prices for Arab Light rise by $0.45 per barrel from August’s level, reaching a $3.65 premium over the Dubai/Oman benchmarks—the highest since the start of the year. "It's always hard to make prediction on Saudi's OSPs. But the rollover of the 1 million bpd cut is seen as a baseline in September price assessments,"…