Reported 2 days ago
Saudi Arabia is anticipated to lower crude oil prices for Asian buyers in January, potentially reaching a four-year low, as market conditions reflect a significant decline in Middle Eastern benchmark prices. The expected cuts, driven by reduced demand and market dynamics, may see Arab Light prices drop by up to 90 cents per barrel. The official selling prices will be determined following the upcoming OPEC+ meeting, which is likely to influence future supply strategies.
Source: YAHOO