PT Equityworld Futures Surabaya: EQUITY WORLD : Saudi Arabia raised the price of oi...

Quoting Bloomberg, Thursday (5/1/2017), a Government-owned company
Saudi Arabia Saudi Arabian Oil Co., or Saudi Aramco raised the official
price of Arabian Light crude oil to Asia by 60 cents a barrel to 15
cents below the regional reference. Aramco is also raising the price of
shipping diekspektasikan Arab oil Light 50 cents us dollars per barrel.

2016
ago, oil prices rose 52 percent. This was the first annual rise in four
years in line with the agreement of the Organization of Petroleum
countries (OPEC) Producers to lower their oil production for the first
time in eight years.

At the end of the year 2016 and then OPEC
and other oil producers of 11 countries including Russia any agreed
decreases production amounted to 1.8 million barrels per day.

See:









EQUITY WORLD : Price Gold Rose To The Highest 4 weeks After U.S. Dollar Goes Down

This
agreement is effective as of 1 January 2016. Last month, Saudi Arabia's
Energy Minister Khalid Al-Falih declared the world prices of crude oil
are forecast to be recovered in line with OPEC'S commitment in the
agreement that has been reached. This intervention aims to get back to
balance the oil market, where prices have to go up to encourage new
investment.







PT Equityworld Futures Surabaya: EQUITY WORLD : Saudi Arabia raised the price of oi...: EQUITY WORLD - Saudi Arabia raised the price of oil for February 2017 sale to Asia. This is in line with the world's largest oil produc...