Saudi Arabia has sharply reduced crude prices for Asian buyers as Gulf exporters battle weak demand and increased competition from Iran's returning oil exports.

NEW YORK, July 6 : Oil prices were little changed on Monday, trading around pre-Iran war levels as Saudi Arabia slashed its official selling prices, OPEC+ approved another…

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.

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…

In a sign of intense competition among oil producers, Saudi Arabia on Monday slashed crude prices by $11 a barrel for Aug, the sharpest fall in 26 years.

Saudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper discounts to attract customers. Higher…