Aramco Cuts Crude Prices To Asia And Europe For First Time In Four Months
Four the first time in four months, Aramco cut its OSPs for October loadings to European and Asian buyers
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Four the first time in four months, Aramco cut its OSPs for October loadings to European and Asian buyers
Crude prices held around $90 per barrel at the beginning of the week after OPEC+ announced a tiny, symbolic output cut
Saudi Arabia’s statements about a possible new round of OPEC+ production cuts marks yet another milestone of the erosion of U.S. influence in the Middle East
OPEC+ ministers have complained about heightened volatility in oil markets, but when some OPEC+ ministers say “volatility”, what they really mean is “falling prices.”
There isn’t any formal proposal at OPEC+ asking the group to consider a new round of oil production cuts