Saudi Arabia may lower the price of crude oil to Asia in October

On August 30th, according to the median estimate of the agency's survey of four traders and refiners, Saudi Aramco may reduce the official selling price of Arab Light crude oil sold to Asia in October by $0.85/barrel. Compared with the increase of $0.2/barrel in September, the difference between the official selling price of Arab Light and the Oman-Dubai benchmark crude oil in October is estimated to be $1.15/barrel. Specifically, one respondent expects oil prices to decrease by $1/barrel, two respondents expect between $0.80-0/barrel, and one respondent expects oil prices to decrease by $0.50/barrel.