Saudi Arabia may lower February crude prices to Asia for a third month

Core Viewpoint - Saudi Arabia, the largest oil exporter globally, is anticipated to reduce the February price for its flagship Arab Light crude for Asian buyers for the third consecutive month, reflecting declines in the spot market due to abundant supplies [1] Group 1 - The expected price reduction for Arab Light crude is attributed to ample supplies in the market [1] - This marks the third month of price decreases for Saudi Arabia's flagship crude oil [1]