Saudi Arabia Cuts November Oil Prices for Asia to Six-Year Low

• Monday, 5th October 2026
• by Sarah Samir

Saudi Arabia has unexpectedly cut its November official selling prices (OSPs) for Asian buyers to their lowest level in six years, with the move aimed at supporting market share as elevated freight costs and regional ...

Russia’s Discount on Gas Supplies to Ukraine Expired

• Sunday, 3rd April 2016
• by Egypt Oil & Gas

As of April 1st, Ukraine is to pay contractual price for buying natural gas from Russia as the discount that Moscow had given to Kiev in Q1 has expired, Russian Energy Minister, Alexander Novak, said, informed Xinhua ...

India Wins Discount on Qatari LNG Purchase

• Sunday, 3rd January 2016
• by Egypt Oil & Gas

India’s biggest gas importer, Petronet LNG has successfully renegotiated a deal to buy liquefied natural gas (LNG) from Qatar’s Rasgas at a reduced price allowing the company to save about $605m a year in ...

Saudi Discounts Shower Asia Market

• Sunday, 8th February 2015
• by Egypt Oil & Gas

Saudi Arabia, the world’s largest crude exporter, has cut its March oil prices to Asia by 90 cents – the largest discount in at least 14 years. Experts suggest the move is part of the country’s fight for global ...