Saudi Arabia expected to lift November crude prices to Asia

Core Viewpoint - Saudi Arabia, the largest oil exporter globally, is anticipated to increase November crude oil prices for Asian buyers in response to rising Middle East benchmark prices, although increased supply may limit the extent of these price hikes [1] Group 1 - Saudi Arabia is expected to adjust crude oil prices for November to align with gains in regional benchmarks [1] - The increase in prices is primarily aimed at Asian buyers, indicating a strategic focus on this market [1] - Despite the anticipated price increases, the potential for rising supplies may constrain the magnitude of these adjustments [1]