Saudi Arabia Expected To Slash Oil Prices To Asia ...Middle East

Saudi Arabia, the world’s top crude oil exporter, is expected to slash the price of its flagship grade to Asia for October amid lackluster fuel demand and increased competition from crude from other regions, a Reuters survey of refiners showed on Monday.    Saudi Arabia, which sets the pricing trend for most Middle Eastern oil exporters, typically announces its prices for the following month around the fifth of each month, and as a policy, it doesn’t comment on the price movements. The Kingdom usually sets the official…

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