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Saudi Arabia expected to lift Nov crude oil prices for Asian buyers
Millennium Post Delhi
|New Delhi 30September2025
Saudi Arabia, the world’s biggest oil exporter, is expected to lift November crude oil prices for Asian buyers to track gains in Middle East benchmarks, although rising supplies would limit those increases, refining sources said on Monday.
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‘The November official selling price for flagship Arab Light crude will likely rise 20-40 cents a barrel to between $2.40 and $2.60 a barrel after sharp price cuts for October, six refining sources said in a Reuters survey.
The November OSPs for other crude grades - Arab Extra Light, Arab Medium and Arab Heavy - could increase by 30-60 cents a barrel compared with October, the survey showed. These forecasts are in line with a monthly increase of 52 cents per barrel in cash Dubai's premium to swaps so far in September, Reuters data showed.
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