Saudi Arabia Cuts November Oil Prices For Asia To Six-Year Low Amid Record Freight Costs
Saudi Arabia has unexpectedly reduced its crude oil prices for Asian buyers for November to their lowest level in six years, while increasing prices for northwest Europe and the Mediterranean. As per a Reuters report, Saudi Arabia, West Asia's biggest crude exporter, set the November official selling price (OSP) for Arab Light crude at $5 a barrel below the Oman-Dubai average, a reduction of $3…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
