saudi aramco cuts prices

摘要

?Saudi?Aramco?cut?the?ofcial?formula?prices?of?all?August-loading?cargoes?bound? for?Europe?and?for?most?of?its?grades?to?Asia-Pacifc.?The?cuts?were?the?frst?for? Arab?Light?and?Arab?Medium?bound?for?the?Asian?market?in?seven?months,?and? the?frst?in?fve?months?for?Arab?Super?Light?and?Arab?Extra?Light.?The?reductions? were?expected?following?weak?light?distillate?margins?in?Asia-Pacifc?last?month? and?a?relative?weakening?of?prompt?Dubai?and?Oman?prices.?Europe’s?price?cuts? followed?the?return?of?on-specifcation?Russian?Urals?crude?following?the?recent? quality?issues?that?afected?fows?through?the?Druzhba?pipeline.?