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Saudi Arabia Cuts Oil Prices for Asia: A Six-Year Low Amid Shipping Costs Surge

Indonesia

Saudi Arabia Cuts Oil Prices for Asia: A Six-Year Low Amid Shipping Costs Surge

Saudi Arabia's state-owned company, Saudi Aramco, has slashed its official selling price for crude oil to Asia, marking the largest discount since June 2020. This decision comes amid rising shipping costs exacerbated by regional conflicts.

By Dian Paramitha6 October 2026

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