Saudi Arabia cuts crude oil prices for Asia to 5-year low amid rising signs of surplus reserves — here are the details
Organisation of the Petroleum Exporting Countries (OPEC) member Saudi Arabia has slashed its crude oil selling price to Asia for January 2026 to a five-year low amid rising signs of surplus reserves in the oil market, Reuters reported, citing pricing documents on Thursday, 4 December 2025.
According to the documents reviewed by the news agency, the January Arab Light crude oil official selling price to Asia dropped to $0.60 a barrel above the Oman/Dubai average, marking a five-year low.
