Saudis cut key oil price for Asian buyers in sign of surplus
- Posted on February 6, 2026
- By Business News Today
- 3 Views
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.
