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Tag Archives: Saudi Arabia

New Saudi Oil Prices Met by Mixed Reactions

collected by :Jack Alex New Saudi Oil Prices Met by Mixed Reactions. The formal selling prices (OSPs) which Saudi Arabia determine for its Asia-bound crude oil for November were met with mixed reactions from traders that had foreseen reduce value hikes for the lighter grades & no value reliefs for …

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U.S. crude futures ended at $49.62 a barrel, down 2.2 percent

But oil prices have waned whenever supply worries re-emerge. Saudi Arabia’s energy minister Khalid al-Falih, speaking at a conference in Abu Dhabi, suggested there are behind the scenes negotiations among oil producers ahead of OPEC’s May meeting, according to the Wall Street Journal. There was a misperception out there that …

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