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Saudi Arabia has raised oil prices for the US and lowered for Europe

Саудовская Аравия подняла цены на нефть для США и снизила для Европы

Saudi Aramco has decided to reduce oil prices for Europe, while the increase in rates for the U.S., writes The Wall Street Journal.

It is noted that the price per barrel for the United States increased by 10 cents. At the same time for the North-Western part of Europe the company has lowered the price per barrel to 35 cents, and for Mediterranean countries — for 10 cents. Also, the price per barrel has increased for countries in the Middle East for 35 cents.

According to the newspaper, the decline in prices for some States is due to the fact that Iran has resumed oil supplies to Europe in February. Iranian oil exports to Europe at the moment has reached 400 thousand barrels per day.

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