Real Threat of Decline in World Oil Prices

So, in North-Western Europe and the Mediterranean, the most massive Saudi Aramco Arab Light oil, similar in characteristics to the Russian Urals, will be sold at $ 2.50 cheaper than in August, the discount to the benchmark Brent will be $ 1.8 per barrel against premiums of 70 cents in the previous month. Arab Extra Light oil prices will decrease by $ 2.8, and discount to Brent will amount to $ 1.3.For Asian customers, Saudi oil will fall in price across the entire range of grades: ...