oil price

Latest news and articles about oil price from NEX English

Saudi Arabia Raises Oil Prices for Asia in May 2023

Saudi Arabia has announced the official selling price for light Arab crude oil destined for Asia in May 2023, set at $19.50 per barrel above the average prices of Oman and Dubai crude. This move reflects current trends in the global oil market.

Brent crude oil price surpasses $115 per barrel for first time

The price of Brent crude oil futures for June 2026 has exceeded <strong>$115</strong> per barrel, marking the first increase of this magnitude since <strong>March 19</strong>. This rise reflects significant shifts in the global oil market.