Saudi Arabia Raises Asia Oil Price as Volatility Grips Market

-- Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict.State producer Saudi Aramco increased the official selling price of its main Arab Light crude grade by 90 cents to a premium of $2.20 a barrel against the regional benchmark for buyers in Asia, according to a price list seen by Bloomberg.

The war in Gaza was always personal for many Palestinian refugees in Lebanon. Many live in camps set up after 1948, when their parents or grandparents fled their homes in land that became Israel, and they have followed a year's worth of news of destruction and displacement in Gaza with dismay.

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Saudi Arabia to drop $100 crude target to win back market share, FT reportsPrices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the United States, as well as weak demand growth in China
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Saudi Arabia's PIF Considers Raising Stakes in Nintendo and Other Japanese Gaming CompaniesSaudi Arabia's Public Investment Fund (PIF) is considering increasing its holdings in Nintendo and other Japanese gaming companies, according to Kyodo News. Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund's gaming unit, revealed the plan in an interview.
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