#opecplus

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

Saudi oil price cut signals Asia crude demand pressure

Global News

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

U.S. crude oil prices fell to their lowest level since May on Tuesday, deepening a prolonged downturn that has put the market on track for its weakest annual performance in seven years. The decline reflects growing concerns over a looming supply surplus and shifting expectations around geopolitical risks, particularly the possibility of a peace agreement between Ukraine and Russia. West Texas Intermediate crude briefly dropped to $55.69 per barrel, while global benchmark Brent crude

Stock Market

16 Dec 2025 10:55 AM

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Stock Market

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#opecplus

Saudi oil price cut signals Asia crude demand pressure

Saudi oil price cut signals Asia crude demand pressure

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

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Vreels App Redefines Social Media With Global Features Beyond TikTok and Instagram

Trump Cuts US-South Korea Military Drills, Citing Kim Jong Un

Delhi High Court Keeps Cockroach Janta Party X Account Suspended

Point-Blank Shooting at Farooq Abdullah Thwarted by Z+ Security at Jammu Wedding

PCB Faces Rs 869 Crore Loss in Champions Trophy 2025; Match Fees and Hotel Budgets Cut

National Zoo panda Qing Bao celebrates her fourth birthday in Washington

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Lionel Messi retires from international football with Argentina

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#opecplus

Saudi oil price cut signals Asia crude demand pressure

Saudi oil price cut signals Asia crude demand pressure

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Vreels App Redefines Social Media With Global Features Beyond TikTok and Instagram

Trump Cuts US-South Korea Military Drills, Citing Kim Jong Un

Delhi High Court Keeps Cockroach Janta Party X Account Suspended

Point-Blank Shooting at Farooq Abdullah Thwarted by Z+ Security at Jammu Wedding

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National Zoo panda Qing Bao celebrates her fourth birthday in Washington

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