Saudi Aramco cuts November crude price to Asia by 40 cents/bbl

Top oil exporter Saudi Arabia cut the November official selling price (OSP) to Asia for its flagship Arab Light crude to $1.30 a barrel above the Oman/Dubai average, the country’s state oil producer Aramco said on.

Saudi Arabia set its Arab Light OSP to northwest Europe at a discount of $2.40 a barrel against ICE Brent for November and its OSP to the United States was at a premium of $1.25 a barrel over Argus Sour Crude Index (ASCI.).