Javier Blas: Saudi Arabia cuts Arab Light price to Asia by $1.5 per barrel

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06.07.2026

Javier Blas: Saudi Arabia cuts Arab Light price to Asia by $1.5 per barrel — Saudi Arabia cuts Arab Light price

Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Saudi Arabia has reduced the official selling price of its flagship Arab Light crude, setting the barrels for Asia delivery at $1.5 per barrel below the Dubai benchmark.

This marks the largest discount for Arab Light to Asia since mid-2020, at a time when global markets were affected by the Covid-19 pandemic.

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Blas has previously estimated that Iran could earn $60-$70 billion a year in oil revenue if exports return to pre-war levels, according to a recent analysis. Separately, he reported that Murban crude from the UAE has moved into contango, with time spreads for key Middle Eastern grades collapsing before Hormuz is set to reopen in another recent piece. Both developments come as Middle Eastern crude pricing draws heightened attention.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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