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Saudi Arabia Slashes February Crude Prices Amid Oversupply

12/29/2025

46 3 Full Breakdown

Summary

Story summary

Saudi Arabia is expected to lower the February price for Arab Light crude for Asian buyers for the third consecutive month.
The price may decrease by 10–30 cents per barrel, down from January's 60-cent premium.
Other grades, such as Arab Extra Light, may decline.
The oversupply stems from increased output by OPEC+ and other producers.
Global oil supply is projected to exceed demand by 3.84 million barrels daily in 2026.

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Story summary

Saudi Arabia is expected to lower the February price for Arab Light crude for Asian buyers for the third consecutive month.
The price may decrease by 10–30 cents per barrel, down from January's 60-cent premium.
Other grades, such as Arab Extra Light, may decline.
The oversupply stems from increased output by OPEC+ and other producers.
Global oil supply is projected to exceed demand by 3.84 million barrels daily in 2026.