Aramco has urged Asian buyers to buy more Saudi crude for October loading after the world’s top crude exporter slashed its prices for Asia for next month, Reuters reported on Thursday, citing sources with knowledge of the matter. Saudi Arabia earlier this week slashed the price of crude oil it sells to Asia, with the premium for the flagship Arab Light grade set at $2.20 a barrel over the Dubai/Oman benchmark for cargoes to be delivered in October. The price was cut by $1 per barrel compared to September—a steeper cut than…
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