Aramco's Strategic Oil Price Cut: Market Share or Competitiveness?
Update: 2025-11-11
Description
Saudi Aramcos subtle price cut for Asian refiners signals market adjustment, not aggressive price war. The company lowered its Arab Light grade by $1.20 a barrel, keeping it competitive amidst global oil oversupply concerns. Despite refiner expectations of a larger cut, Aramcos move ensures its crude remains attractive, potentially filling supply gaps if China and India reduce Russian oil imports.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
