Energy · 26 views
Saudi Arabia Weighs Higher Asia Crude Prices as Red Sea Shipping Costs Rise
Energy 
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Coverage Single outlet Single-outlet story
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Brief read Under 1 min brief 45 words
Summary
Saudi Arabia may raise the price of the crude it ships to Asia via the Suez Canal, Reuters has reported, to reflect higher shipping costs due to the Houthi maritime blockade in the Red Sea. The price hike could reach $5 per barrel of crude.
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