LONDON: Saudi Arabia’s larger-than-expected rise in oil prices is a signal it will continue resisting United States pressure to pump faster, according to Vitol Group.
Saudi Aramco hiked December prices for customers in Asia, the US and Europe on Friday, a day after the Organisation of the Petroleum Exporting Countries and its oil-producing allies, or Opec+, stuck to its plan to boost output only at a gradual pace.
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