Woofun AI reports that Saudi Aramco reduced the official selling price of Arab Light crude for Asian customers in August by $11 per barrel, marking the largest discount in at least 26 years. This cut exceeds the $8 per barrel reduction anticipated in institutional surveys and sets a $1.50 per barrel discount against the regional benchmark.

Following the resumption of exports from the Ras Tanura port, Saudi crude shipments have recovered to approximately 90% of pre-war levels. With shipping routes through the Strait of Hormuz reopened, Gulf producers including Saudi Arabia, Iraq, and Kuwait can now fully utilize their increased production quotas agreed upon by OPEC+ for August.