Saudis Cut Oil Prices to Asia Amid Emerging Market Weakness

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Rakteem Katakey, Devika Krishna Kumar, and Serene Cheong

November 6, 2025 at 12:53 AM UTC

Updated on

November 6, 2025 at 8:10 AM UTC

Saudi Arabia lowered the price of its main oil grade to Asia for December to the lowest level in 11 months, days after OPEC+ signaled a cautious approach by pausing its supply increases for early next year.

State producer Saudi Aramco will cut the price of its flagship Arab Light crude by $1.20 a barrel to a premium of $1 above the regional benchmark for next month, according to a list seen by Bloomberg. Aramco was expected to trim the price by $1.25, according to a survey of refiners and traders.