Saudi Aramco has reduced its January 2025 pricing for Arab Light crude oil for Asian buyers. The official selling price for Arab Light crude was cut by 80 cents, bringing it to $0.90 per barrel above the regional benchmark. Similarly, the OSPs for Arab Extra Light and Super Light grades were also reduced by 60 cents per barrel and 70 cents per barrel respectively for January, while the OSPs for Arab Medium and Heavy grades saw cuts of 70 cents per barrel.
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Original article source: https://www.arabnews.com/node/2582244/business-economy
Source Id: 2024-12-569518358