It is reported that Saudi Arabia will reduce the selling price of Asian crude oil in December.

Jinshi Data News on November 1st, sources said that due to weak Dubai oil prices, Saudi Arabia may lower the price of most of its crude oil sold to Asia in December. Saudi Arabia's drop in oil prices will indicate weak demand and provide more evidence for OPEC+'s plan to postpone production increase in December. A survey of six sources showed that the official selling price of Arab light crude oil in December may drop by 30-50 cents per barrel from last month. The premium of Middle East crude oil Spot fell last month due to sufficient supply in the Asian market, while the demand of major buyers remained weak, despite a rebound in refining margins.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)