Saudi Arabia Set to Hike Oil Prices to Asia to 14-Month High

Refiners in Asia expect Saudi Arabia to hike its official selling prices (OSPs) to Asia for March to the highest against benchmarks since January 2024, a Reuters survey found on Monday, as Middle East’s key benchmarks are rallying on tightened Russian supply to China and India after the latest U.S. sanctions. Saudi Aramco, the world’s top crude oil exporter, is expected to raise the price of its flagship Arab Light grade to Asia loading in March by up to $2.50 per barrel over the Oman and Dubai benchmarks, three refiners in the Reuters…