The world's largest crude exporter has been slashing prices for three consecutive months, signaling persistent oversupply pressure across global energy markets. East Asia remains the primary destination for these discounted shipments, which are expected to maintain elevated volumes as the market grapples with excess inventory.

This prolonged pricing cycle reflects growing concerns about demand weakness relative to supply capacity. When traditional commodity markets face such structural imbalances, it often ripples into broader macro conditions that shape risk assets—including crypto market sentiment and capital flows. Worth monitoring how energy price dynamics evolve as we head into the next quarter.