Saudi Aramco will raise oil prices for Europe again in December

In December, Saudi Arabia will increase the prices for oil export in Europe. It was announced by Saudi Aramco.

For citizens of Northwest Europe, the prices for all brands except Arab Medium will grow by $0.7-0.8 per barrel. For the Mediterranean region, the cost of black gold rises by $0.5 per barrel, except for Arab Medium. The price for this brand will increase by $0.2 per barrel.

For US customers, prices won’t change. They will remain at the level of November.

The price of the main Arab Light brand exported to Asia will fall by $0.4 per barrel in a year.