The cost of Saudi oil for European countries next month will decrease by $0.8 per barrel, for buyers from the United States – by $0.1 per barrel.
In October, Saudi Arabia will reduce oil prices for supplies to all regions. This was reported by Hindustan Times on Monday, September 9.
So, in particular, the price of Arab Light oil for buyers from Asia will decrease by $0.7 per barrel.
Experts note that this is the lowest cost level in almost three years (since November 2021).
While Saudi oil prices for European countries will drop by $0.8 per barrel next month, for US consumers it will drop by $0.1 per barrel.
We recently informed that world oil prices continue to decline and have updated their minimums since December 2023.
Earlier in the day, oil prices began to fall sharply on news from China, the world’s largest importer of crude oil. This raises traders’ concerns about demand.
Source: korrespondent
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