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Saudis Cut Oil Prices for Asia as OPEC+ Ramps Up Output
The Straits Times
|September 10, 2025
Saudi Arabia will cut prices on all its crude grades for buyers in Asia, as well as on most barrels to other regions, after OPEC+ said it will continue to ramp up output, defying widespread expectations of a looming oversupply.
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DUBAI -
State producer Saudi Aramco is lowering the price for its flagship Arab Light crude to its biggest market by US$1 a barrel for shipments in October, according to a price list seen by Bloomberg. The grade will sell for a premium of US$2.20 a barrel to the regional benchmark in October, lower than expected by refiners and traders.
The company was expected to decrease the price by 50 US cents a barrel, according to a survey of refiners and traders.
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