Saudi Price Cuts: Saudi Aramco Lowers Oil Prices for Asian Buyers to a Six-Year Low as Hormuz Transit Improves and the Oil Buffer Tightens
Saudi Arabia surprised the oil market this week by making its crude cheaper for Asian refiners, even as global prices hover around 100 dollars a barrel. Saudi Aramco, the world’s largest crude exporter, set the November official selling price for its flagship Arab Light grade to Asia at 5 dollars a barrel below the average … Read more