Saudi Aramco set the official selling price for July loadings of its Arab Light crude to Asia at $9.50 above regional benchmarks, down from a premium of $15.50 a barrel in June.

Saudi Aramco set the official selling price for July loadings of its Arab Light crude to Asia at $9.50 above regional benchmarks, down from a premium of $15.50 a barrel in June.

Saudi Arabia cut its July crude oil selling prices for customers in Asia, Europe, and the United States for a second consecutive month as weakening demand and lower Middle Eastern…

Saudi Aramco cut July Arab Light crude prices to Asia by $6 per barrel, exceeding market expectations, as Chinese demand weakness pressures oil markets.

Saudi Aramco slashed its July Arab Light crude price for Asia by $6 per barrel to $9.50 over Dubai/Oman, the second straight cut as Chinese demand weakens.