EconomicWorld

Russia and Saudi Arabia Compete for the Asian Oil Market

IranGate
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Russia and Saudi Arabia Compete for the Asian Oil Market

The Competition Between Russia and Saudi Arabia Over the Asian Oil Market

Reuters: Saudi Arabia Might Reduce the Price of Arab Light Crude Oil for Asian Customers

In a survey conducted by Reuters, it was predicted that Saudi Aramco, due to ongoing concerns about an oversupply and after setting the official selling price for January at the lowest in 10 months, might further reduce the price of Arab Light crude grade for sale to Asia in February.

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