Saudi Arabia is expected to further lower the price of its crude oil bound for Asia in February, as global supply remains plentiful and spot benchmarks in the Middle East have dropped, a Reuters survey of six Asian refining sources showed on Monday. Saudi Arabia, the biggest crude exporter in the world, is poised to reduce the price of its flagship Arab Light crude by $0.10 to $0.30 per barrel for February loadings to Asia, the participants in the survey said. The expected drop would bring the price of Arab Light to a premium…
