Saudi Arabia is expected to cut prices after Middle East benchmark Dubai slumped last month
SINGAPORE – Top oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday.
Such a price cut would also reflect weak refining margins especially in China where sluggish manufacturing and property sectors are squeezing fuel demand, the sources said. OPEC+ supply is also set to rise from October as eight of the group's members are scheduled to boost output by 180,000 barrels per day next month, as part of a plan to begin unwinding their most recent layer of output cuts of 2.2 million bpd while keeping other cuts in place until end-2025.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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