The National Oil Company of Saudi Arabia Saudi Aramco has increased the November oil prices for the United States, with reference to the company’s data, Bloomberg said.
“Prices for all varieties for the northern -west part of Europe and the Mediterranean region were reduced. Prices for all varieties for the United States were increased by ¢ 20,” the agency writes.
At the same time, for Asia, Saudi Aramco did not increase the price of its main Arab Light oil variety, although oil refineries and traders surveyed by Bloomberg predicted the rise in price by ¢ 40.
On the eve of OPEC+ decided to reduce oil production by 2 million barrels per day. The new reduction has become a record since 2020. The United States opposed this decision, wrote CNN. However, the decision to reduce production was still made. In response to it, the United States in November will be sent to the market 10 million barrels. strategic reserve oil to achieve a reduction in raw materials.