Saudi Arabia set the official price of the flagship crude oil sold to the Far East in November at a rate of 5 US dollars compared to the Dubai benchmark price, the biggest discount since the COVID-19 pandemic six years ago. The October discount was $2, and traders had anticipated a rise in November.

Saudi Arabia set the official price of the flagship crude oil sold to the Far East in November at a rate of 5 US dollars compared to the Dubai benchmark price, the biggest discount since the COVID-19 pandemic six years ago. The October discount was $2, and traders had anticipated a rise in November.