Saudi Arabia Could Cut Oil Prices For Asia Once Again ...Middle East

OILPRICE - Economy
Saudi Arabia Could Cut Oil Prices For Asia Once Again
source : OILPRICE ( Middle East ) () 51
Saudi Arabia may reduce the official selling price of its flagship Arab Light grade for Asian buyers further, according to analysts polled by Reuters. The price cut, for July deliveries, would be some $1 per barrel, they said. According to Reuters, this would bring the price of Arab Light for Asian buyers to the lowest level in 20 months. Saudi Arabia has cut the price of the oil it sells to Asian buyers several times already since the start of the year to secure market share in a region that has become the largest importer of Russian crude. Last…

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