Veytics Intelligence
2026-10-05 · Bloomberg

Saudi Arabia Cuts Price of Benchmark Oil Grade to Asia

Energy Aspects founder Amrita Sen says the increased cost of shipping is the reason why Saudi Arabia cut prices of its benchmark grade to Asia. "It's costing about $30 per barrel right now to move oil from Hormuz to Asia," she tells Bloomberg Television. "The biggest issue is ship-to ship," she adds. (Source: Bloomberg)

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