Saudi Arabia Slashes December Oil Prices to Defend Market Share in Asia

Saudi Arabia Slashes December Oil Prices to Defend Market Share in Asia

Saudi Arabia has announced a sharp reduction in its official selling price (OSP) for crude oil destined for Asia in December, an announcement that follows closely on the heels of the OPEC+ decision to halt output increases in early 2026. Saudi Aramco will sell its flagship “Arab Light” grade to Asian buyers at a premium of $1.00 per barrel above the Oman/Dubai average for shipments in December, down by $1.20 from the November level. Meanwhile, i…

Saudis Lower Oil Prices for Asia

Saudi Arabia lowered the price of its main oil grade to Asia for December to the lowest level in 11 months, days after OPEC signaled a cautious approach by...

Saudi Arabia's Souq7 prepares December grand opening as world's first Mega-Scale traditional market with modern Era

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Saudis Cut Main Oil Price to Asia as Signs of Caution Emerge

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