Saudi Arabia may lower crude prices to Asia for 4th straight month – Reuters

Saudi Arabia may lower crude prices to Asia for 4th straight month – Reuters

SINGAPORE, Jan 30 (Reuters) - Saudi Arabia, the world's largest oil exporter, may trim prices for crude grades sold to Asia for a fourth straight month in March, amid low physical oil premiums, as oversupply worries linger despite expectations of demand recovery in China.

State oil company Saudi Aramco may lower the official selling price of its flagship Arab Light crude by about 30 cents to Asian clients for March-loading cargoes, a Reuters survey of four refining sources showed.

That would reduce the overall differential to around $1.50 a barrel above the average of Platts Dubai and Dubai Mercantile Exchange's Oman quotes, the lowest since November 2021.