Saudi Arabia Cuts Oil Prices for February ...Middle East

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Saudi Arabia Cuts Oil Prices for February
Saudi Arabia has reduced the price of its crude oil for February delivery for all buyers rather than just Asian ones as it has done before. The cut for Asian importers was the deepest, however, at $2 per barrel for all grades that Saudi Arabia exports, Energy Intelligence’s Amena Bakr said in an X post. Interestingly, Aramco also cut the price for North American buyers by the same amount, while in previous price adjustments it has cut these prices more modestly. For European buyers, Aramco cut February prices by between $1.50 and $2…

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