
Saudi Arabia, the world’s biggest oil exporter, may hike crude oil prices for Asian buyers for the second month in a row, with September prices set to hit five-month highs on tight supply and robust demand, refining sources said.
The September official selling price for flagship Arab Light crude may rise 90 cents to $1.05 a barrel from August to between $3.10 and $3.25 a barrel, which would be the