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Saudi oil price cut signals Asia crude demand pressure

Saudi Arabia’s latest oil price cut has turned attention back to Asia, where refiners are getting more room to negotiate as Gulf crude supply improves. Saudi Aramco has reduced the August official selling price of Arab Light crude for Asian buyers by $11 per barrel, placing the grade at a $1.50 discount to the Oman-Dubai benchmark. The sharp move shows how quickly the market has shifted from supply fear to buyer advantage. The cut is imp

Global News

07 Jul 2026 07:18 AM 5 views

Saudi oil price cut signals Asia crude demand pressure

Saudi Arabia’s latest oil price cut has turned attention back to Asia, where refiners are getting more room to negotiate as Gulf crude supply improves. Saudi Aramco has reduced the August official selling price of Arab Light crude for Asian buyers by $11 per barrel, placing the grade at a $1.50 discount to the Oman-Dubai benchmark. The sharp move shows how quickly the market has shifted from supply fear to buyer advantage. The cut is imp

Global News

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#arablight

Saudi oil price cut signals Asia crude demand pressure

Saudi oil price cut signals Asia crude demand pressure

Rising rents in West Valley push young public servants out of local government roles

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Rising rents in West Valley push young public servants out of local government roles

PM Modi Receives Grand Welcome in Brasilia with Shiva Tandava

The Impact of Immigration Policy on High-Skilled Workers in the US

Pleasanton's Zippy Mobile Library Launches May 31

Piyush Goyal Canada Visit To Push $50 Billion Trade Goal

UAE to exit OPEC, signaling shift in global oil power balance

Canada Ends Fast-Track Visa Program, Impacting Indian Students

Trump Warns Iran As US-Israel Security Talks Raise Regional Tensions

Embracing Agroforestry: Enhancing Sustainability in Agriculture

San Francisco Budget Plan Targets $642M Deficit

#arablight

Saudi oil price cut signals Asia crude demand pressure

Saudi oil price cut signals Asia crude demand pressure

Rising rents in West Valley push young public servants out of local government roles

PM Modi Receives Grand Welcome in Brasilia with Shiva Tandava

The Impact of Immigration Policy on High-Skilled Workers in the US

Pleasanton's Zippy Mobile Library Launches May 31

Piyush Goyal Canada Visit To Push $50 Billion Trade Goal

UAE to exit OPEC, signaling shift in global oil power balance

Canada Ends Fast-Track Visa Program, Impacting Indian Students

Trump Warns Iran As US-Israel Security Talks Raise Regional Tensions

Embracing Agroforestry: Enhancing Sustainability in Agriculture

San Francisco Budget Plan Targets $642M Deficit

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