Saudi Arabia Cuts Price of Benchmark Oil Grade to Asia
Energy Aspects founder Amrita Sen says the increased cost of shipping is the reason why Saudi Arabia cut prices of its benchmark grade to Asia. "It's costing about $30 per barrel right now to move oil from Hormuz to Asia," she tells Bloomberg…
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ImpactNotable 35/100
Why it mattersRule-based estimate: no strong signals; trust 9/10.
RegionsGlobal
Published3 h ago (Mon, 05 Oct 2026 07:34:32 GMT)
RetrievedMon, 05 Oct 2026 08:00:17 GMT via rss
ClassifiedMon, 05 Oct 2026 08:00:35 GMT by heuristic