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Tuesday, July 8, 2025 7:39 GMT
Saudi Aramco has slashed its official selling price for crude oil destined for Asia in July, the company confirmed in an official statement yesterday, reports Arab News. The state-owned oil giant cut the price of its benchmark Arab Light crude by US$0.20, setting it at US$1.20 per barrel above the average of Oman and Dubai crude prices. Saudi Aramco prices its crude oil across five density-based grades: Super Light (greater than 40), Arab Extra Light (36-40), Arab Light (32-36), Arab Medium...More