Bloomberg | Saudi Aramco Cuts All August Oil Prices for U.S., Asian Clients Bloomberg State-owned Saudi Arabian Oil Co. lowered its official selling price for Arab Light crude to Asia by 40 cents to a premium of 20 cents a barrel above a regional benchmark, the company known as Saudi Aramco said in an e-mailed statement Thursday. Abu Dhabi merger would create new, big player in global oil Saudi Arabia appears to end oil market share war, starts balancing: Russell Iranian Oil Exports Rise 70% in a Year but Slowdown Expected |