Saudis Cut Prices on All Major Grades

摘要

Saudi Aramco was slow to release its formula selling prices for November, but it was worth the wait for buyers across all regions, who were on Wednesday handed discounts on all major grades. This came as no surprise to some traders, who see the changes broadly in line with market fundamentals and were swift to point out the current record output levels from major Opec and non-Opec producers.