A flame from a Saudi Aramco oil installion known as “Pump 3” is seen in the desert near the oil-rich area of Khouris, 160 kms east of the Saudi capital Riyadh. Saudi Aramco, as the producer is known, raised the premium for Arab Light crude to the U.S. by 15 cents a barrel to 45 cents to U.S. Gulf Coast benchmarks. Photographer: Marwan Naamani/AFP/Getty Images (Bloomberg) — Saudi Arabia, the world’s largest crude exporter, cut pricing for March oil sales to Asia, a sign that the desert kingdom is continuing to fight for market share. State-owned Saudi Arabian Oil Co. lowered its official selling price for Arab Light crude by 90 cents to $2.30 a barrel less than Middle East benchmarks, the company said in an e-mailed statement Thursday. That’s the lowest in at least the 14 years since Bloomberg began gathering data. “This is further evidence that they […]