For buyers in the Mediterranean, the prices set relative to ICE Brent decreased by $0.3-1.4.

Saudi Aramco, the national oil company of Saudi Arabia, the largest company in production and reserves in the world, raised the supply prices for all grades of its oil for customers in the Asian and American markets for January, Bloomberg reported.

According to him, Saudi Aramco has increased the price of Arab Light for Asian countries by 60 cents. Thus, the premium to this grade will be $3.3 per barrel, which is the highest since February 2020. At the same time, the price of the Arab Light variety for the United States will rise by 40-60 cents in January.

Saudi Aramco also raised prices for other grades of its oil for Asia by $0.3-0.8 per barrel.

The Saudi company lowered prices for January supplies of its oil to Northwestern Europe by $0.2-1.5 per barrel. For buyers in the Mediterranean, the prices set relative to the Brent IPE decreased by $0.3-1.4, the agency said.

Saudi Arabia forms a delivery schedule based on customer requests at the beginning of each month.