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Saudi Arabia have lowered oil prices for customers in Asia for December

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Saudi Arabia (Aramco) December official selling prices (OSPs) for Arab light crude it sells

  • to Asia to plus $5.45 a barrel versus the Oman/Dubai average
  • to northwest Europe at $1.70 a barrel against ICE Brent for December
  • to the United States at $6.35 versus ASCI

Re that ASCI. The ARGUS Sour Crude Index (ASCI) daily price indexes reflect medium sour crude at the US Gulf coast trading hub, and are used primarily by Saudi Arabia, Iraq and Kuwait to price exports to the US.

Info via Reuters