Market Analysis: Saudi Arabia's October oil price cut is greater than expected.

2025-09-09 12:16:43

Jin10 Data reported on September 9 that Saudi Aramco has lowered the official selling price of Arab Light crude oil to Asia, with a reduction that exceeds market expectations. This indicates that the world's largest crude oil exporter is enhancing the attractiveness of its crude oil through price means while continuing to increase production. DNB Carnegie analysts stated that the price reduction is $1 per barrel, while the market had previously expected a decrease of $0.50 per barrel. Analysts believe this may mean that Saudi Arabia is using price strategies to push the increased production into the market.

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