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Saudi Aramco announce big cuts to oil prices over the weekend
Saudi Aramco announce big cuts to oil prices over the weekend
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
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