12:02 - 7.04.2025

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April 7, Fineko/abc.az. Saudi Arabia has cut crude oil prices for Asian buyers in May to the lowest level in four months. 

ABC.AZ informs that this is happening against the background of OPEC+ group's decision to accelerate oil production growth.

Saudi Aramco reduced the price of its flagship oil Arab Light in May by $2.30 to $1.20 per barrel. The drop was the most significant in more than two years. At that, the company reduces prices for the second month in a row.