Saudi Arabia Cuts Oil Prices to Asia as Market Weakness Persists
![]() 11781 Sunday, 07 January, 2024, 22:36 Saudi Arabia will cut key crude prices for buyers in all regions, including its main Asia market, for February amid persistent weakness in the market. Oil consumption typically eases during February and March, with refiners using the period to shut some facilities for periodic maintenance. At the same time, strong global supply, including from the US, is raising the likelihood of a surplus that forced the OPEC+ group, led by Saudi Arabia and Russia, to extend output cuts into this year. |
Brussels to propose sanctions against Israel as Gaza war escalates
270Yesterday, 20:51Elon Musk just lost his title as world’s richest person
96210.09.2025, 19:36Treasury secretary says U.S. and European Union must partner to 'collapse' Russian economy
140307.09.2025, 23:46India’s Russian oil gains wiped out by Trump’s tariffs: #Reuters
167428.08.2025, 21:00India’s Russian oil gains wiped out by Trump’s tariffs
159327.08.2025, 20:24"If Putin doesn't stop the war, we'll start an economic war" - Trump
147327.08.2025, 13:18US imposes 50% tariffs on India for buying Russian oil
142927.08.2025, 13:00Russia to implement project on navigation seals with Armenia
143626.08.2025, 17:30