Saudi Aramco cuts May prices for Asia, Europe

07 April 2011

Saudi Aramco has announced a cut on the price of its flagship Arab Light crude oil in May to customers in Asia, Reuters has reported. The price for Asian customers was set at Oman/Dubai plus $1.65 a barrel, down 30 cents from April. The state oil firm also reduced prices for European customers but boosted Arab Light prices for clients in the US.

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