08-February-2026
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Saudis cut key oil price for Asian buyers in sign of surplus
07-Feb-2026

Saudi Arabia cut the price of its main oil grade for buyers in Asia to the lowest in years, a further sign that global supplies are running ahead of demand. State oil producer Saudi Aramco will reduce the price of its Arab Light grade by 30 cents a barrel to parity with the regional benchmark for March, according to a price list seen by Bloomberg. That brings pricing for the kingdom's most plentiful crude blend to the lowest level since late 2020.

News Source:- https://economictimes.indiatimes.com/news/international/world-news/saudis-cut-key-oil-price-for-asian-buyers-in-sign-of-surplus/articleshow/128006895.cms