CommoditiesMedium•5 October 2026•
1 min read
Saudi Aramco Cuts Asia Crude Prices to Six-Year Low for November Shipments
Key Facts
1Saudi Aramco reduced its official selling prices for November-loading crude to Asia to the lowest level in six years.
2Saudi Arabia raised official selling prices for shipments bound for Europe while simultaneously cutting rates for Asia.
Saudi Aramco reduced its official selling prices for November-loading crude to Asia to the lowest level in six years. The National reported that the company simultaneously raised official selling prices for shipments bound for Europe while keeping rates for the United States unchanged from October levels.
The pricing strategy aims to maintain market share in Asia amid a recovery in regional oil demand and rebounding flows through the Strait of Hormuz. According to reports cited by The National, Aramco has requested Asian refiners to submit volume nominations for November collection from Gulf ports, Yanbu, and Sidi Kerir, following mid-September sales of nearly 100 million barrels that helped avert a regional supply crunch.