Saudi Aramco cuts December crude rates, opening window for Indian refiners post-Russia curbs

Saudi Aramco has cut the official selling price (OSP) of its crude for December deliveries to Asia, a move that could benefit Indian refiners hunting for alternatives to sanctioned Russian supplies.

Aramco, the world’s biggest oil exporter, has reduced prices by $1.2-$1.4 per barrel across its major crude grades from November levels.