Saudi Arabia slashes crude prices to Asia

DUBAI/SINGAPORE, Sept 6: Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United States steady.

However, this reduction in rates is unlikely to result an automatic decrease in prices of petroleum prices in India due to the stiff taxation regime in place.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here