Saudi Arabia has set the September price for its Arab Light crude oil grade to Asia at a $2 per barrel discount to the Oman/Dubai benchmark. This decision marks a significant shift from the $2 premium reported for the same period in another recent report, and from the $1.50 discount set for August. This pricing strategy is part of Saudi Aramco’s official selling price policy, which serves as a benchmark for Saudi crude sold into the Asian market. This announcement comes amid ongoing volatility in global oil markets.
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