State-owned Saudi Aramco has issued its June official selling prices. In almost all cases it hiked differentials in all three main markets against key sour regional benchmarks. Key grade Arab Light was up $1.40/bbl and $1.50/bbl to Asia and the US respectively, compared to May. In Northwest Europe and the Mediterranean, Arab Light saw hikes of $6.55/bbl and $6.80/bbl respectively.
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