Published: Sep 07, 2024, 19:30 IST | Updated: Sep 07, 2024, 19:30 IST
Saudi Arabia will lower the price of its premium oil grade for its primary Asian market for October due to growing fears about falling demand. State-owned Saudi Aramco will sell its Arab light oil to customers in Asia for 1.30 dollars per barrel. That is a cut of 70 cents compared to the regional norm.