Saudi Arabia cuts oil prices, raising global oversupply fears. New all-time high for crude oil by September 30 at 2.6% YES.

Oil market shifts to surplus raises global glut fears. New all-time high for crude oil by September 30 at 2.6% YES.

PERTH/SINGAPORE: Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of…

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…