• Home
  • Technology
  • Gaming
  • Entertainment
  • World & Business
  • Science
  • Sports
  • AI
HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
World & Business
Report

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

Reuters reports Arab Light for Asia was priced $5 a barrel below the Oman-Dubai average, down $3 from October.

GO
RE
TS
7 Sources, 18h ago, first seen 18h ago

TLDR

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.

Combined views

123.9K

7 Sources, first seen 18h ago

205 likes19 comments38 saves87 reposts

Combined views

123.9K

7 Sources, first seen 18h ago

205 likes19 comments38 saves87 reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Featured Source

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

7 Sources

@Gobullish_ai📰 Market headlines • Why Oil Is Still Stuck Near $100 a Barrel • Saint-Gobain eyes more India acquisitions as CEO Sreedhar targets $4.3 billion business • More cash-out than capital raise: OFS gains ground in IPO market • IndiaTech seeks rethink of turnover-linked gig worker social security levy • SEBI gets 20,000 comments on CAS review18h
@ReutersSaudi Arabia unexpectedly cuts oil prices to Asia https://reut.rs/3Tp8MfT https://reut.rs/3Tp8MfT7h
@straits_timesSaudi Arabia unexpectedly cuts November oil prices to Asia to 6-year lows https://bit.ly/4hFWfN74h
@BusinessTimesSaudi Arabia unexpectedly cuts November oil prices to Asia to 6-year lows https://buff.ly/CLaFZwy2h
@ACFER01ACFMorningMeeting - Saudi Oil Price Promotion - Whilst OPEC+ has kept November output targets unchanged, Saudi Arabia has stepped in with a 'price promotion' on its Light oil - it has widened its Arab Light discount to Asia to $5/bbl below the regional benchmark. Brent slipped below $102/bbl, easing input-cost pressure. In Europe, French debt stress weighed on continental sentiment. Opens - FTSE 100 futures were +0.26%, while EURO STOXX 50 futures were -0.18% and DAX futures -0.08%. US futures were slightly lower. The Nikkei gained 2.3% and Hong Kong was broadly flat; mainland China and South Korea were closed. $STOXX $FTSE $FTMC $DAX $CAC $DJI $GSPC $IXIC Stock Watch - BT Group $BT.A has agreed a deal to acquire TalkTalk and PlatformX out of administration. The YE27E cash impact is estimated at c.£400m; the acquired business generated ~£1.2bn revenue but was loss-making. National Grid $NG.L expects YE27 EPS growth slightly above its previous 13-15% guidance after c.£130m of additional 1H performance, largely from one-off investment gains and stronger interconnectors. Permanent TSB $PTSB.L said Axis has made no offer and remains focused on BAWAG’s shareholder-approved bid. Commods - Brent $101.76/bbl -0.5%, WTI $90.25/bbl -0.9%, GOLD futures $4,182/toz +0.5% and COPPER futures $6.585/lb +0.1%. Latest 2 Oct New York COCOA settlement was $5,843/MT +6.4%. Indicative SUGAR was 19.93¢/lb +5.1% on tighter supply expectations and wet-Brazil concerns; COFFEE was 288.75¢/lb +0.9% as a weaker dollar and Brazilian flowering risk triggered more short-covering. Data Focus - UK final services and composite PMIs are due at 09:30 BST, euro-area producer prices at 10:00 BST and US ISM services at 15:00 BST. ACFView: Lower oil and reduced Fed-hike expectations help duration-sensitive shares, but French debt stress and a US 10-year yield above 5.2% limit the case for a broad valuation lift. @WizardBattery @EU_Startups @Share_Talk @ZaksTradersCafe @zakmir @VOXmarkets @focusIR @LondonSouthEast @BullsNBearsWA @ArthurBenta @aimrns47m
    • HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
    • Home
    • Technology
    • Gaming
    • Entertainment
    • World & Business
    • Science
    • Sports
    • AI

    7 Sources

    @Gobullish_ai📰 Market headlines • Why Oil Is Still Stuck Near $100 a Barrel • Saint-Gobain eyes more India acquisitions as CEO Sreedhar targets $4.3 billion business • More cash-out than capital raise: OFS gains ground in IPO market • IndiaTech seeks rethink of turnover-linked gig worker social security levy • SEBI gets 20,000 comments on CAS review18h
    @ReutersSaudi Arabia unexpectedly cuts oil prices to Asia https://reut.rs/3Tp8MfT https://reut.rs/3Tp8MfT7h
    @straits_timesSaudi Arabia unexpectedly cuts November oil prices to Asia to 6-year lows https://bit.ly/4hFWfN74h
    @BusinessTimesSaudi Arabia unexpectedly cuts November oil prices to Asia to 6-year lows https://buff.ly/CLaFZwy2h
    @ACFER01ACFMorningMeeting - Saudi Oil Price Promotion - Whilst OPEC+ has kept November output targets unchanged, Saudi Arabia has stepped in with a 'price promotion' on its Light oil - it has widened its Arab Light discount to Asia to $5/bbl below the regional benchmark. Brent slipped below $102/bbl, easing input-cost pressure. In Europe, French debt stress weighed on continental sentiment. Opens - FTSE 100 futures were +0.26%, while EURO STOXX 50 futures were -0.18% and DAX futures -0.08%. US futures were slightly lower. The Nikkei gained 2.3% and Hong Kong was broadly flat; mainland China and South Korea were closed. $STOXX $FTSE $FTMC $DAX $CAC $DJI $GSPC $IXIC Stock Watch - BT Group $BT.A has agreed a deal to acquire TalkTalk and PlatformX out of administration. The YE27E cash impact is estimated at c.£400m; the acquired business generated ~£1.2bn revenue but was loss-making. National Grid $NG.L expects YE27 EPS growth slightly above its previous 13-15% guidance after c.£130m of additional 1H performance, largely from one-off investment gains and stronger interconnectors. Permanent TSB $PTSB.L said Axis has made no offer and remains focused on BAWAG’s shareholder-approved bid. Commods - Brent $101.76/bbl -0.5%, WTI $90.25/bbl -0.9%, GOLD futures $4,182/toz +0.5% and COPPER futures $6.585/lb +0.1%. Latest 2 Oct New York COCOA settlement was $5,843/MT +6.4%. Indicative SUGAR was 19.93¢/lb +5.1% on tighter supply expectations and wet-Brazil concerns; COFFEE was 288.75¢/lb +0.9% as a weaker dollar and Brazilian flowering risk triggered more short-covering. Data Focus - UK final services and composite PMIs are due at 09:30 BST, euro-area producer prices at 10:00 BST and US ISM services at 15:00 BST. ACFView: Lower oil and reduced Fed-hike expectations help duration-sensitive shares, but French debt stress and a US 10-year yield above 5.2% limit the case for a broad valuation lift. @WizardBattery @EU_Startups @Share_Talk @ZaksTradersCafe @zakmir @VOXmarkets @focusIR @LondonSouthEast @BullsNBearsWA @ArthurBenta @aimrns47m
    Today's Rank

    —

    Not ranked yet

    Today's Rank

    —

    Not ranked yet