07 Dec 2022; MEMO: Saudi Arabia, the world's top oil exporter, cut the January official selling price (OSP) for its flagship Arab Light crude for Asian buyers on concerns over faltering demand and a potential increase in Russian competition, Reuters reports.
According to the report, the price for January-loading Arab Light to Asia was trimmed by $2.20 a barrel from December, to $3.25.
The Organisation of the Petroleum Exporting Countries (OPEC) and allies, including Russia, known as OPEC+, on Sunday decided to keep unchanged their plan to cut production report added.
