China’s COVID Lockdowns Force Aramco To Slash Oil Export Prices ...Middle East

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China’s COVID Lockdowns Force Aramco To Slash Oil Export Prices
source : OILPRICE ( Middle East ) () 25
Saudi Aramco has reduced its oil export prices for the first time in four months amid Covid lockdowns in China that are spurring concern about demand stability. According to a Bloomberg report, Aramco cut the price for its Super Light for Asia by more than $5 per barrel and the price for its Extra Light by $4.95 per barrel for June deliveries. Crude oil prices for Europe were reduced more moderately by the Saudi state giant, by between $2 and $3 per barrel, Bloomberg also reported. Prices for exports to the United States remained unchanged from…

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