Saudi Arabia cuts benchmark oil price to Asia
Saudi Arabia has cut the price of its benchmark oil grade to Asia, with the increased cost of shipping cited as the reason. Energy Aspects founder Amrita Sen noted that shipping costs are now about $30 per barrel from Hormuz to Asia, with ship-to-ship transfers being the biggest issue.
Original · Bloomberg AI summary of public reporting
Hover or tap a glowing candle to see what happened
Loading market data…
Event timeline
No matching events
Prices since publication
At publication → CurrentBRENTOIL101.30 → 102.22+0.9%