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Relief expected for Asian countries as Saudi Arabia cuts oil prices to 26-year low

Saudi Aramco has reduced the price of its key Arab Light crude oil for Asian buyers, setting it at a discount of $1. 50 per barrel compared with the regional benchmark, according to reports. The latest pricing move marks a shift from the previous premium pricing and represents a larger-than-expected reduction, reflecting increased competition and changing The post Relief expected for Asian countries as Saudi Arabia cuts oil prices to 26-year low appeared first on Daily Pakistan English News.

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