SINGAPORE, Oct 31 (Reuters) – Leading oil exporter Saudi Arabia could slash prices of most crude oil grades to Asia in December as fuel consumption in China comes in weaker than expected amid its tough COVID-19 rules and regional demand and restricting trade sources said.

According to five respondents polled by Reuters, state-owned oil giant Saudi Aramco could cut the official selling price (OSP) for its flagship Arab light crude by around 30 to 40 cents a barrel in December.

The price cut comes as China, the world’s largest…

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