December 5, 2025 1:32 PM December 5, 2025 1:32 PM
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Saudi Arabia cuts January oil prices to Asia to five-year low
Saudi Arabia has lowered the official selling price of its Arab Light crude for Asian buyers in January to sixty cents a barrel above the Oman/Dubai benchmark, the lowest premium in five years. The move reflects growing signs of surplus in the global oil market. The premium has now fallen for a seco...