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But we saved everything 🙂.
Rory Johnston highlights that Saudi Arabia has set the November official selling price for Arab Light crude oil to Asia at $5 a barrel below the average of Oman and Dubai prices, marking a $3 reduction from the previous month.
Johnston also notes the discount for November is the deepest so far, amid offensively high shipping costs and a possible strategy to target higher sales volume.
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Earlier, Johnston reported that diesel prices surged as crack spreads reached record highs, making U.S. diesel as expensive as Brent crude. He also covered Brent crude falling below $100 per barrel for the first time since the pipeline attack. These previous developments reflect significant recent shifts in crude and related product pricing.