The Weekly Standard | Saudis Deepen Asia Light Oil Discount to Low in Market Fight 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 Saudis Increase Oil Price in US, Cut It for Asia Guest post: A lesson from the history of oil |