On Friday, Saudi Aramco lowered its official selling price for December Arab Light crude for Asian customers by $2 per barrel, with the discount to the Oman/Dubai crude average expanding to $6.50 per barrel.

The discount level marks the lowest since May 2020 during the height of the COVID-19 pandemic. Saudi Aramco also reduced prices for all crude grades in Northwest Europe and the Mediterranean region by $1 per barrel for December, while U.S. market pricing remained unchanged.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.