As Saudis shop discounted crude, refiners say ‘no thanks’
![]() 1464 Friday, 27 March, 2020, 22:30 Many refiners in Europe and the U.S. are refusing to take more Saudi crude being offered at cut-rate prices, according to Saudi officials and oil traders, threatening the sustainability of a price war and battle for market share started by Riyadh.Saudi Arabian Oil Co. said earlier this month it was cutting most of its prices and planned to boost its production by 2.5 million barrels a day next month. It acted after Russia refused to join a proposed output cut by the Saudi-led Organization of the Petroleum Exporting Countries. |
Trump claims US tariffs made nations leave bloc
65515.10.2025, 10:42European Commission slaps three major fashion brands with €157 million fine
71014.10.2025, 23:33Russia, Azerbaijan and Iran to establish joint working group on road transport
69414.10.2025, 13:23China's September exports to Russia show steepest decline in seven months
66713.10.2025, 23:17China’s Tibetan Mega-Dam Is Veiled in Secrecy
61512.10.2025, 17:36Trump threatens 'massive' China tariffs as Beijing restricts rare-earth exports
57210.10.2025, 20:46Thousands march in Athens against labor law changes, disrupt services nationwide
86901.10.2025, 19:18Lufthansa airline group to shed 4,000 jobs by 2030, sees stronger profits ahead
86629.09.2025, 18:46