Biden trying to get involved. Saudis raising pricesWhat crisis...OPEC wants $$$
"Saudi Arabia raises August crude oil official selling prices for Asia"
"SINGAPORE, July 6 (Reuters) - Top oil exporter Saudi Arabia has raised the August official selling prices (OSPs) of all crude grades it sells to Asia, the country's state oil producer Aramco(2222.SE)said on Tuesday.
It set the August OSP for the flagship Arab light crude at $2.70 a barrel above the Oman/Dubai average for Asia, up 80 cents from July.
Saudi Arabia set its Arab Light OSP to northwest Europe at a discount of $1.10 a barrel against ICE Brent for August, compared with a discount of $1.90 for July, Aramco said."
Reference: https://www.reuters.com/world/middle-east/saudi-arabia-raises-august-crude-oil-official-selling-prices-asia-2021-07-06/