Aramco Said to Cut October Prices for Crude From Sidi Kerir
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Saudi Arabian Oil Co., the world’s largest crude exporter, reduced its October official selling price for Arab Light blend from the Egyptian port of Sidi Kerir, two people with knowledge of the matter said.
Saudi Aramco, as the state-run producer is known, cut the differential of Arab Light by $1.05 to a discount of 45 cents a barrel to the Brent weighted average, or BWAVE, posted by the Intercontinental Exchange, said the people, who declined to be identified because the information is confidential.