Saudi Arabia lowers the oil prices for Europe

The Saudi energy company "Saudi Aramco" lowered the price of "Arab Light" brand oil for Europe in November, but raised it for the United States, SIA refers to Bloomberg news.

According to reports, the price of oil for the European market has fallen by $1.8. It should be noted that traders previously predicted that a barrel of "Arab Light" oil for the European Union would increase in price by $0.4 against the background of the latest decision of OPEC+.

Saudi Arabian oil has also become slightly more expensive for the United States, but not much, just by 0.2 dollars...

The state-controlled "Saudi Aramco" kept the supply of the main "Arab Light" to Asia for November unchanged from this month at $5.85 per barrel, above the regional indicator.

Let us recall that on October 5, OPEC+ agreed to reduce daily oil production by 2 million barrels.

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