Saudi Arabia may slash January crude prices for Asia
SINGAPORE - Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday.
Last month, spot premiums for January-loading Middle East grades also fell by about half from the previous month on weak demand. Still, the outcome of the OPEC+ meeting on Dec. 5 is expected to determine supply in early 2025 and may influence Saudi OSPs, traders said, with some expecting state oil giant
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