Following Saudi Arabia, the UAE national company ADNOC will also increase oil export prices in February, Report states, referring to the Russian Oil and Gas Information Agency (ANGI).
The company set $ 0.75 per barrel for Murban oil, which is $ 0.25 more than in January.
Earlier in February, Saudi Arabia announced its decision to grow export prices for Asian and US consumers. The Kingdom has decided to raise the prices of all types of oil supplied to these regions.