International Desk: Saudi Arabia, the world's top crude oil producer and exporte has raised the official selling price (OSP) of crude oil for Asian countries,. Asian countries will have to buy oil at higher prices from next February.

In addition, US importers also will have to buy fuel from Saudi Arabia at a higher prices. However, European importers will get a discount. News The Bloomberg.

Saudi Aramco, a state-owned oil company, said in a statement that for February 2021, the OSP for Arab light crude for importing countries in Asia, including China, India, Japan and South Korea, is increased by 60 cents per barrel.

At the same time, Saudi Aramco has increased the OSP for Arab light crude by 65 cents per barrel for US importers. This is 20 cents more per barrel than the previous month. However, importers from northwestern Europe will get a discount of one Dolar 90 cent per barrel. News The Bloomberg.