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Saudi Arabia may cut Arab Light crude prices to Asia - slow demand, more Russian supply

Saudi Arabia may cut Arab Light crude prices to Asia - slow demand, more Russian supply

An interesting item from Reuters on Saudi Arabia's state oil giant Saudi Aramco maybe cutting the official selling price (OSP) for its flagship Arab Light crude grade to Asia in February.

"The near-term market outlook is dim. More Russian barrels are expected to flow to Asia, but demand is not picking up," said one respondent to the Reuters poll of analysts. Reuters adds:

  • The price cut comes as Russia diverts its oil from Europe to Asia, after the European Union banned seabor... Read More
Posted: Jan 4 2023, 04:20
Author Name: forexlive
Views: 110519

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