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Baystreet.ca - Saudi Arabia Cuts the Price of Its Flagship Crude for Asian Buyers

On Tuesday, Saudi Arabia reduced the official selling price of its flagship Arab Light for Asian buyers in January.

This is the first price reduction for the last seven months, Reuters noted in a report, but it is a modest one, at $0.50 per barrel. . ....

United Arab Emirates , Saudi Arabia , Charles Kennedy , Saudi Energy , Oil Associates , Arab Light , Middle Eastern , Saudi Energy Minister Abdulaziz ,

Saudi Arabia Expected to Cut the Price of Its Oil to Asia

Saudi Arabia is expected to cut its official selling price for crude to Asian buyers due to higher competition from non-Middle Eastern oil since the OPEC production cuts. ....

United Arab Emirates , Saudi Arabia , North Sea , Oceans General , United States , Oil Associates , Middle Eastern , Arab Light , Arab Extra Light , Irina Slav , Crude Oil , Oil Prices ,