Saudi Arabia Unexpectedly Cuts Oil Prices To Asia
By Yomna Ehab and Siyi Liu
Oct 5 (Reuters) – Saudi Arabia has unexpectedly cut November crude oil prices for Asia while it raised those for northwest Europe and the Mediterranean regions, a pricing document showed on Monday.
The largest Middle Eastern crude exporter set the November Arab Light crude oil official selling price to Asia at $5 a barrel below the average of Oman and Dubai prices, down $3 from the previous month. The discount for November is the widest since June 2020, Reuters data showed.
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