Saudi Arabia cuts November crude prices for Asia, raises them for parts of Europe

Reuters reports that a pricing document showed Saudi Arabia cutting November crude prices for Asia while raising them for north-west Europe and the Mediterranean. Arab Light for Asia was priced $5 a barrel below the Oman-Dubai average, down $3 from October. Reuters data showed the discount was the widest since June 2020. Aramco kept US prices unchanged, while OPEC+ held November production targets steady.