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Monday, December 8, 2025 16:56 GMT
Saudi Arabia has cut the January Arab Light crude oil official selling price to Asia to US$0.60 a barrel above the Oman/Dubai average, its lowest level in five years, according to a pricing document reviewed by Reuters, amid growing signs of surplus in the oil market. That marks a second monthly decline and the lowest since January 2021, Reuters data showed. The OSP premium for December was US$1 a barrel. The prices mirrored a downward trend in cash Dubai's premium to swaps, down to an...More