Saudi Arabia unexpectedly cut its oil prices for sale to Asia in November to six-year lows while raising them for northwest Europe and the Mediterranean, a pricing document showed on Monday.
The largest Middle Eastern crude exporter set the November Arab Light crude oil official selling price to Asia at $5 a barrel below the average of Oman and Dubai prices, down $3 from the previous month.
The discount for November is the widest since June 2020, Reuters data showed.
