Refiners in Asia expect the world’s largest oil exporter, Saudi Arabia, to raise the official selling prices for its crude oil going to Asia in January due to stronger winter demand, according to a Reuters survey . Several major refiners in Asia, the top importing crude oil market, have recently increased spot purchases of crude oil to meet stronger demand as consumption is recovering from the lows seen earlier this year and as winter in the northern hemisphere approaches. According to the Reuters survey of six refiners in Asia, the buyers of crude expect Saudi Arabia to lift the price of its flagship Arab Light crude grade in January by $0.65 a barrel on average. Forecasts ranged from expected increases of between $0.50 and $0.85 per barrel. Saudi Arabia typically announces the official selling prices (OSPs) for its crude oil to all regions for the following month around the […]