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Saudi Arabia will reduce the price of oil

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Saudi Arabia will reduce the price of oil

Saudi Arabia will lower oil prices for buyers in all regions, including the key Asian market for Riyadh.

Axar.az reports that "Bloomberg" agency published information about this.

According to information, "Saudi Aramco" will reduce the cost of "Arab Light" fuel by 1.5-2 dollars per barrel.

The oil giant also discounted February supplies to Northwest Europe, the Mediterranean, and North America.

"Oil consumption usually decreases in February and March. Oil refineries use this period to shut down some plants for maintenance," the report said.

Date
2024.01.08 / 09:25
Author
Axar.az
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