Aramco Cuts October Crude Pricing to U.S. as Demand Declines

Updated on
  • Medium crude discount to U.S. widened first time in 8 months
  • Arab Light crude premium to Asia cut 30 cents a barrel

Saudi Arabia, the world’s largest crude exporter, cut pricing for all October oil sales to the U.S., widening the discount on its Medium grade for the first time in eight months, with refining demand plunging after the end of the summer driving season.

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