DUBAI (Reuters) – Saudi Arabia lowered its prices to Asian customers in October versus September, though left prices to northwestern Europe and the United States steady.
Oil giant Saudi Aramco (SE:) lowered the price differential of light crude for delivery to the Far East in October to a premium of $1.7 per barrel versus the average of Oman and Dubai crudes, according to a company pricing document. The price differential in September was a premium of $3 dollars per barrel.
The company kept the price differential of light crude to northwest Europe unchanged, at a discount of $1.7/barrel versus ICE (NYSE:) . It also kept the price differential of light crude to the United States unchanged at a premium of $1.35/barrel versus ASCI.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.