Saudi Arabia May Cut Oil Prices To Asia Even Further ...Middle East

OILPRICE - Economy
Saudi Arabia May Cut Oil Prices To Asia Even Further
source : OILPRICE ( Middle East ) () 14
Saudi Arabia could reduce the official selling price for its flagship Arab Light crude further for Asian buyers, Reuters has reported, citing four analysts it surveyed. The discount will be for Asian purchases. Aramco already cut the price of its Arab Light for Asian buyers to the lowest in 10 months for shipments taking place this month. The price was set at a $3.25 premium to the Dubai/Oman benchmark, a cut by $2.20 per barrel from the prior month’s price. Now, according to the four analysts surveyed by Reuters, Aramco could cut the price…

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