Aramco Cuts Crude Prices To Asia And Europe For First Time In Four Months

For the first time in four months, Saudi Aramco has slashed prices of October crude oil exports for European and Asian buyers just a day after OPEC+ symbolically cut output for that same month by 100,000 bpd on global demand concerns. Aramco cut prices of its Arab Light crude benchmark to Asia by $3.95 per barrel, and to European buyers by $2 a barrel, while prices for U.S. buyers saw no change, with the exception of heavier and lighter variants that will see a $0.50 per barrel increase, the Wall Street Journal reported. The price cuts come after…