Saudi Arabia cuts oil prices in Asia in September



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Saudi Arabia cuts oil prices in Asia in September

Reuters

Ahmed Jadallah

Saudi Aramco Oil Transmission Lines

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The Saudi oil giant Aramco has announced that it will reduce the official selling price of Arab light crude to Asian customers in September compared to the price in August.

Saudi Arabia raised the official selling price of Arab Light crude for northwestern Europe with a discount of $ 0.05 on the price of brent, which represents an increase of 2, 65 dollars a barrel compared to the price of the month of August.

Aramco has set the official selling price of Arab light crude oil in the United States at a price of $ 2.85 per barrel above the "Argos" index of high-sulfur ore in September, unchanged from the previous month.

Source: Reuters

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