Saudi Arabia kept oil prices for its main market of Asia largely steady and lowered those for Europe, going against expectations it would hike them and pile more pressure on consumers a day after Opec+ opted to slash production. State-controlled Saudi Aramco left its key Arab Light grade for November shipments to Asia unchanged from this month at $5.85 a barrel above the regional benchmark. Refiners and traders predicted a raise of 40 cents, according to a Bloomberg survey from last week. “It is a surprise,” said Tamas Varga, an analyst in London at brokerage PVM Oil Associates. A steep increase would have further tightened the crude market following Opec+’s move on Wednesday to lower its o
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