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Mon, Jul 6 • Nairobi

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Finance

Saudis Make Biggest Oil Price Cut in Decades as Market Weakens

▶ Bloomberg Jul 6, 2026 1h ago 👁 1 views

Saudis Make Biggest Oil Price Cut in Decades as Market Weakens

📋 Article Summary

66 words

Saudi Arabia cut the price of its main crude grade for customers in Asia in August by the most in at least 26 years, as a surge of global supply heightens competition for buyers. Saudi Arabia cut the price of its main crude grade for customers in Asia in August by the most in at least 26 years, as a surge of global supply heightens competition for buyers.

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