According to a pricing document seen by Reuters, Saudi Arabia has set its official selling price for its Arab Light crude to Asia for January. The price was set at 0.60 dollars per barrel above the Oman/Dubai average. This is a decrease from the previous month and marks the lowest level in five years.
Saudi Arabia Cuts Oil Price for Asia to Five-Year Low
Saudi Arabia has set its official selling price for Arab Light crude to Asia for January at a five-year low, showing a decrease from the previous month.
