Saudi oil giant Aramco lifted the price of its flagship Arab Light grade to Asia for March loadings by $0.20 per barrel to a premium of $2.00 a barrel over the Dubai/Oman average, despite the fact that oil prices have fallen so far this year. That’s the first increase in the official selling prices for Asia, likely reflecting Saudi expectations that demand in Asia will be rising from the second quarter onwards. The move was contrary to expectations in a Reuters survey of four refining sources in which participants said they expected the price of Arab Light to be cut by around $0.30 for March loadings. It’s also against the Bloomberg poll, in which traders and refiners expected a $0.20 cut from Aramco for next month. Pray for the people and the leaders of Saudi Arabia to realize that the Lord is the judge, the Lord is the lawgiver, the Lord is the king; it is He who will save them and can give them a new life (The Bible. Isaiah 33:22).
As persecution is on the rise, Saudi Arabia moved to 11th position in the World Watch report 2022 by Open Doors for Christian persecution. Mohammed bin Salman is the crown prince of Saudi Arabia. Saudi Arabia, the home of Islam, has outlawed Churches and punished Christian worship for decades. The kingdom’s 1.4 million Christians meet in secret places. According to the human rights report, Saudi Arabia held the presidency of the G20 in 2020 despite the country’s longstanding human rights abuses. The Saudi-led coalition continued a military campaign against the Houthi rebel group in Yemen that has included scores of unlawful airstrikes that killed and wounded thousands of civilians. The majority of the Christians in Saudi Arabia are foreigners who temporarily live and work in the country. They are severely restricted in sharing their Christian faith with Muslims and in gathering for worship, which entails the risk of detention and deportation.