The Weekly Standard | Saudi Arabia Deepens Asia Oil Discount to Record Low Bloomberg 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 ... How to Keep Our Oil Bonanza The Oil Cold War In oil price war, Gulf producers grab market share in Asia |