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Brent crude price

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

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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

Oil Prices Today: Brent Crude Eases as Mideast Oil Flows Near Pre-War Levels Through Hormuz and Pipelines Despite Iran War Risks

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Brent Crude Eases as Mideast Oil Flows Near Pre-War Levels Through Hormuz and Pipelines Despite Iran War Risks

Crude oil got a little cheaper this week because the barrels that vanished from the market during the Iran war are returning. Brent futures finished Monday at 100.32 dollars, a fall of about 2 percent, and then hovered near 100.7 dollars in early Asian trading on Tuesday. That is a modest retreat from the highs … Read more