Saudi Arabia’s crude dominance in Asia: a thing of the past?
Saudi Arabia is taking steps to protect its market share in Asia, the largest market for its crude oil exports. Saudi Arabia has preferentially lowered crude prices for Asia Pacific ever since it announced its intention to compete for market share in Asia. In this insight, we will focus on the rationale behind Saudi’s recent crude discounts and its future pricing mechanism for Asia to protect its market share.
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Saudi Arabia's crude dominance in Asia A thing of the past.pdf