State owned oil company Saudi Aramco's official price list published Sunday show deep price cuts for light-crude deliveries to Asia:

  • Down by $1.70 a barrel
  • A discount of $1.60 a barrel against the Dubai benchmark (from a premium of 10 cents a barrel previously)
  • Also cut it prices for heavy oil by $2 a barrel to the Far East and by 30 cents a barrel to the US