Saudi Arabia raised oil prices despite crude prices having fallen about 7% this year. Find out more.
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The kingdom raised all prices for European buyers by US$2 a barrel, and most of those for the U.S. by 30 cents.Article content The group’s secretary-general, Haitham al-Ghais, said he was more upbeat on China. And the head of Kuwait’s state energy company said to Bloomberg that consumption in the world’s biggest crude importer was already on the rise and that it “is not a dead-cat bounce.”
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