Saudis Slash Oil Prices to Asia After Surprise Output Hike

The price of oil plunges into a new fall after firing last week at least 2021 in the face of fear of a scenario of economic crisis or recession. To the trade tensions unleashed by the tariff war and the unexpected increase in OPEC+ production is now added a 'megarecorte' in the price of the barrel that Arabia sells in Asia.

Saudi Arabia Cuts May Oil Prices for Asia to Near Four-Year Low

Saudi Arabia, the world’s top oil supplier, has cut crude prices for Asian buyers to near-four-year lows, fuelling speculation that it is attempting to reclaim market dominance. The decision follows OPEC+’s recent decision to accelerate oil output increases. Saudi Aramco, the state-owned oil company, reduced the official selling price for Arab Light crude in May by $2.30 per barrel, putting it $1.20 higher than the averages in Oman and Dubai. Th…

Saudi Arabia cuts oil prices (again). - Economic Scenarios

Saudi Arabia has slashed official oil sales prices ahead of a production increase expected next month. The sharpest cut has been made to the price of oil

Saudi Arabia Cut Oil Prices For Asia In May The Most in Two Years

Riyadh April 7 2025: Saudi Arabia, the world’s top oil exporter, on Sunday slashed crude oil prices for Asian buyers in May to their lowest in four months, following a recent shock decision by the OPEC+ oil group to speed up oil output hikes. State oil company Saudi Aramco cut the May official selling price (OSP) for flagship Arab Light crude by $2.30 to $1.20 a barrel above the average of Oman and Dubai prices, a pricing document from the produ…

Saudis Slash Oil Prices to Asia After Surprise Output Hike

Aramco will lower Arab Light crude to its biggest buyers in Asia by $2.30 a barrel for May.

Oil Slides as Saudi Aramco Slashes Prices

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