Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in March to their highest in more than a year after benchmark prices spiked on higher demand from China and India as U.S. sanctions disrupted Russian supply,

Saudi Arabia has expressed its support for maintaining stability in the global oil market, despite U.S. President Donald Trump urging the Middle Eastern nation to lower oil prices. When asked about Donald Trump’s proposal during an appearance at the Davos forum in Switzerland,

President Donald Trump claimed the Saudis and OPEC were responsible for fueling the war in Ukraine through higher oil prices. He said the war would end if crude prices were slashed. "I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil,