POLICY

Saudi Arabia to price its flagship crude to Asia at record differentials

OPEC defacto leader Saudi Arabia, the world's top crude exporter, is expected to price its flagship crude to Asia at a record differential for September even as traders see a weaker spot market the following month, highlighting a potential turning point for the market.

Tim Daiss
 Saudi oil minister Abdulaziz bin Salman Al Saud

Saudi oil minister Abdulaziz bin Salman Al Saud

  The Saudis are expected to price their Arab Light crude to Asia at a $10.80-a-barrel premium to the region's benchmark for September-loading cargoes, according to the median estimate in a Bloomberg...

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