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Saudi Arabia makes August crude oil cheaper for Asian buyers
Saudi Arabia has significantly slashed its August Arab Light crude oil price for Asia, setting it at $1.50 a barrel below the Oman/Dubai average, the lowest since June 2020. This substantial reduction, far exceeding market forecasts, follows a sharp decline in spot crude markets amid increased Middle Eastern supplies. The previous month's price stood at a $9.50 premium.
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cryptobriefing.com
Aramco cuts Arab Light crude price by $6 for July 2026, largest since 2000
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 2.5% YES.
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Saudi Arabia cuts Arab Light oil price for Asia by $11 per barrel for August
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 2.5% YES.
