Saudi Arabia may cut the price of its flagship Arab Light for March delivery yet again, Reuters has reported, citing trading sources it did not name. The price cut would be for Asian buyers, according to the sources. If it materializes, the Arab Light price cut would push the flagship grade to a discount to the Middle Eastern benchmark for the first time since 2020, the publication noted in its report. The Saudi Arabian energy major has been cutting its official selling prices for three months in a row but so far Arab Light has still traded at…
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