Saudi Arabia has slashed Arab Light crude prices for Asian buyers by $11 per barrel, marking the steepest reduction in 26 years amid intensified global supply competition.
Oil prices have been declining since mid-June
Jul 07, 2026
06:08 pm
What's the storySaudi Arabia has announced a major price cut for its flagship Arab Light crude oil, targeting Asian customers.
The state-owned oil giant, Saudi Aramco, will reduce the official selling price (OSP) of this key crude grade by $11 per barrel.
Saudi Arabia slashes oil prices by largest margin since 2022 as China demand weakens
Saudi Arabia drastically cuts August oil prices for Asia
Saudi Arabia slashes August crude prices for Asia by $11 a barrel in biggest cut in over 20 years
Aramco cuts Arab Light crude price by $6 for July 2026, largest since 2000
Saudi Arabia cuts Arab Light oil price for Asia by $11 per barrel for August
Saudi Arabia effects deepest crude price cut in 26 years
Saudi Arabia makes August crude oil cheaper for Asian buyers
Saudi Arabia slashes crude oil prices for Asian buyers as US-Iran deal reshapes energy markets
Saudi Arabia cuts August crude oil official selling price to Asia to six-year low
Saudi Arabia Sells Oil At A Discount For The First Time Since COVID Crash, As China Demand Collapses
Saudi Aramco cut Arab Light crude prices by $6 per barrel for July, the largest reduction since 2022, as weakening China demand…
The Arab Light oil blend price for Asian consumers was lowered by $11 per barrel
Saudi Arabia cut price of its main crude grade effective August for Asian customers amid weakening demand and easing tensions.…
Aramco cuts Arab Light crude price by $6 for July 2026, the largest since 2000. New all-time high for crude by September 30 at…
Saudi Arabia cuts Arab Light oil price for Asia by $11 per barrel for August. New all-time high for crude oil by September 30 at…
Saudi Aramco cut July Arab Light crude prices to Asia by $6 per barrel, exceeding market expectations, as Chinese demand weakness…
