Saudi Arabia may cut December crude prices to Asia to multi-month lows

Core Viewpoint - Saudi Arabia, the world's largest oil exporter, is considering reducing its December crude prices for Asian buyers to multi-month lows due to an oversupply situation, although demand for replacing Russian oil supplies affected by Western sanctions may limit the extent of these cuts [1] Group 1 - Saudi Arabia's potential price reduction for December crude oil could reach multi-month lows [1] - The decision to lower prices is influenced by ample oil supplies in the market [1] - Demand for crude oil to replace Russian supplies, impacted by Western sanctions, may restrict the price cuts [1]