Saudi Aramco has asked its Asian customers to increase their crude oil offtake for October, following steep price reductions across its oil grades. The firm lowered the price of Arab Light crude by $1 to $2.20 a barrel above the Oman/Dubai benchmark—a steep drop from previous levels. The move comes as OPEC+ has agreed to increase output by about 137,000 barrels per day in October, and as the Kingdom seeks to regain market share amid supply and demand shifts. Analysts warn this could lead to higher supply in global markets and possibly push Brent crude under $60 if demand softens. 

source: reuuters