Riyadh – Mubasher: Saudi Arabia has reduced its light crude oil prices to Asian customers in October against September.
The Kingdom however left prices to northwestern Europe and the US steady, Reuters reported on Sunday.
Saudi Aramco lowered the price differential of light crude for delivery to the Far East in October to a premium of $1.7 a barrel when compared to the average of Oman and Dubai crudes.
The price differential in September was a premium of $3 per barrel.
As for northwest Europe, Aramco kept the prices unchanged at a discount of $1.7 per barrel versus ICE Brent crude. It also kept the price differential of light crude to the US unchanged at a premium of $1.35 a barrel versus ASCI.
