Saudi oil price cut driven by weak market, not policy shift

Saudi Arabia’s cut in official crude oil selling prices to Asia reflects weaker fundamentals of supply and demand, and does not imply a looming shift in OPEC+ policy or a fight for market share, analysts and industry sources said. On Jan. 7, Saudi Arabia reduced the February official selling price…

#saudiarabias #saudiarabia #osp #arab #saudi #helimacroft #rbccapitalmarkets #saudienergyministry #nonopec #brazil