• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Saudi Aramco hikes oil price once again

3 years ago
in Business, Economy, Energy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
48
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Saudi Aramco hikes oil price once again

Saudi Aramco raised the official selling price for the crude oil it exports to Asia and Europe for yet another month, with the flagship Arab Light to sell in April for $0.50 more than in March.

The price hike for Arab Heavy was even more pronounced, at $2.50 per barrel, moving the crude blend from a discount to the Oman/Dubai average to a premium.

In a report, Reuters noted that the price hikes come as several new refineries in Saudi Arabia are set to soon begin operating, and this would shrink the amount of crude available for exports.

This is the second consecutive month with higher prices for Saudi crude. Last month’s hike came as a surprise as it was the first time in six months that Aramco had hiked prices for its crude. The March price hike also came amid falling crude oil prices on international markets, which was what made the move surprising, along with the fact that a month ago Aramco had reduced prices.

Yet now, despite continued concern for the state of the global economy, China is beginning to return to normal operation, eyeing economic growth of 5% this year, which has motivated a return of optimism among oil bulls.

Oil prices, meanwhile, started the week with a decline. One reason for this was the fact that analysts had expected China to set itself a higher growth target for the year. Another was the anticipation of a testimony Fed’s chairman Jerome Powell will be delivering to Congress later this week, in which he will signal if there will be further rate hikes this year.

RelatedPosts

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth

GSE Opens Week Positive as Financial Stocks Lift Market Indices

Kyei-Mensah-Bonsu Lauds GoldBod’s Role in Boosting Ghana’s Economic Recovery

“Crude remains in a tug-of-war between optimism over Chinese reopening and nervousness over a hawkish Fed hurting the U.S. economy,” energy analyst Vandana Hari told Reuters.

Tags: oil priceSaudi AramcoSaudi Aramco hikes oil price once again
No Result
View All Result

Highlights

Sixteen Teams Confirmed for CAF Confédération Cup Group Stage as Giants, Debutants and Drama Define Final Qualifiers

Al Ahly, Sundowns and AS FAR Lead Star-studded TotalEnergies CAF Champions League Group Stage Field

FIFA Launches Second Phase of World Cup Ticket Sales, Focus on Host Nations

Ghana Health Service, PharmAccess ink MoU to roll out SafeCare Nationwide for Quality Healthcare Improvement

Elon Musk Could Leave Tesla if $1 Trillion Pay Plan is Rejected, Board Chair Warns

Dangote Seeks $5bn Afreximbank Loan for Refinery Expansion

Trending

Banking & Finance

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth

October 28, 2025

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth...

GSE Opens Week Positive as Financial Stocks Lift Market Indices

October 28, 2025

Kyei-Mensah-Bonsu Lauds GoldBod’s Role in Boosting Ghana’s Economic Recovery

October 28, 2025

Sixteen Teams Confirmed for CAF Confédération Cup Group Stage as Giants, Debutants and Drama Define Final Qualifiers

October 28, 2025

Al Ahly, Sundowns and AS FAR Lead Star-studded TotalEnergies CAF Champions League Group Stage Field

October 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.