Saudi Aramco has cut pricing for Iranian buyer ahead of US sanction on Asian oil, with October Light crude to Asia selling at a $0.10 discount per barrel to $1.10 above the regional benchmark. The world's largest oil exporter also cut pricing for its Medium and Heavy crudes in Asia, after increasing production to over 10 million bpd. In contrast, Aramco raised pricing to Northwest Europe and the Mediterranean, as well as the US, in October for all grades
Saudi Aramco has cut pricing for Asian buyer ahead of US sanction on Iranian oil, with October Light crude to Asia selling at a $0.10 discount per barrel to $1.10 above the regional benchmark. The world's largest oil exporter also cut pricing for its Medium and Heavy crudes in Asia, after increasing production to over 10 million bpd. In contrast, Aramco raised pricing to Northwest Europe and the Mediterranean, as well as the US, in October for all grades