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    Home > Chemicals Industry > Petrochemical News > Saudi Arabia lowers crude oil prices in Asia and Europe and maintains prices for customers in the Americas

    Saudi Arabia lowers crude oil prices in Asia and Europe and maintains prices for customers in the Americas

    • Last Update: 2023-01-07
    • Source: Internet
    • Author: User
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    Saudi Arabia has cut crude prices for customers in Asia and Europe as energy demand in both regions cools

    Saudi Aramco cut the price of its benchmark Arab Light crude scheduled for next month's shipments to Asian refiners to $5.
    85 a barrel above its Middle Eastern benchmark, down nearly $4 from September
    The move was broadly in line with traders' expectations, with Brent crude futures falling 25 percent over the past three months to below
    $95 a barrel.

    The day before, OPEC+ unexpectedly decided to cut production
    in October in order to stabilize the oil market.

    Saudi Aramco has cut prices for all grades of crude for customers in northwest Europe and the Mediterranean, most of which have been cut by $
    2 per barrel.
    The company raised its oil quotation for U.
    buyers by 50 cents, leaving only Arabian Light unchanged

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