Aramco Cuts Oil Prices to Asia as OPEC+ Eases Production Curbs

Bloomberg · last updated March 7, 2025 – 4:01 AM

Saudi Arabia is cutting oil prices for buyers in Asia, its largest market, as OPEC+ begins to ease restrictions on production.

State producer Saudi Aramco will lower the price for its Arab Light crude to Asia for April by 40 cents a barrel, the first reduction in three months, according to a price list seen by Bloomberg. That’s larger than a cut of 15 cents a barrel anticipated by traders and refiners in a Bloomberg survey. It follows a big hike for March.

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