Saudi Arabia cut November oil prices for Asian buyers. Saudi Arabia has cut prices for its benchmark oil grade to Asia in November as flows through the Strait of Hormuz increase. Key points and original sources are listed below.

• Saudi Arabia cut November oil prices for Asian buyers. Aramco will lower Arab Light crude to $5 a barrel less than the regional benchmark, compared to a $2 discount this month.S1

• Saudi Arabia has cut prices for its benchmark oil grade to Asia in November as flows through the Strait of Hormuz increase.S2