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US crude oil production set a record for the second month running in September, highlighting the challenge to Saudi Arabia and its Opec+ partners as they cut their own production to boost prices. ....
Saudi Aramco is forecast to cut the price of its flagship oil grade to Asia for the first time since June as an influx of cheaper US and European barrels drives up competition in the world’s biggest importing region. ....
Oil prices fell over 2% on Wednesday as fears of disruption to supplies due to conflict in the Middle East receded a day after top Opec producer Saudi Arabia pledged to help stabilise the market. ....
Saudi Arabia, Russia and other top oil producers agreed on a major cut in production on Wednesday to boost crude prices - a move denounced by the United States as a concession to Moscow that will further hurt the global economy. ....