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The Economic Times

Top News / The Economic Times

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Saudis cut key oil price for Asian buyers in sign of surplus

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.

7 Feb 2026 1:06 am