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 crude premiums weighed on the market.

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.