Saudi Aramco has cut the December official selling price for Arab Light crude to Asian buyers by $2 per barrel to a discount of $6.50 against the Oman/Dubai average, the lowest level since May 2020. The move widens the discount from November's $4.50 and follows the restoration of Gulf supply through the East-West pipeline and alternative export routes. Asian refiners, including Indian buyers, gain a significant reduction in feedstock cost at a time when freight and insurance premiums remain elevated.
Saudi Aramco Slashes December Arab Light Price for Asia to $6.50 Discount, Lowest Since May 2020
Saudi Aramco has cut the December official selling price for Arab Light crude to Asian buyers by $2 per barrel to a discount of $6.50 against the Oman/Dubai average, the lowest level since May 2020. The move widens the discount from November's $4.50 and follows the restoration of Gulf supply through the East-West pipeline and alternative export routes. Asian refiners, including Indian buyers, gain a significant reduction in feedstock cost at a time when freight and insurance premiums remain elevated.
