Commodities
Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
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Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will push back production increases by one month.
State-run producer Saudi Aramco will sell its flagship Arab Light crude grade at a premium of $1.70 a barrel to the regional benchmark, according to a price list from the company, compared with $2.20 this month. The company was expected to cut the premium by 45 cents a barrel, according to a survey of traders and refiners.