Saudi Arabia cuts oil prices for Asia
Edited By WION Video Desk
Published: May 04, 2023, 20:30 IST | Updated: May 04, 2023, 20:30 IST
Saudi Arabia, the world's biggest oil producer, has lowered its oil prices for Asia. That is driven by concerns that a global economic slowdown could hurt oil demand. State-controlled Saudi Aramco's key Arab light-grade crude was reduced to 2.55 dollars a barrel for June.
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