16:43 - 8.06.2026

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June 8, Fineko/abc.az. Saudi Aramco lowered its selling prices for oil in July, but for Asian buyers they remain at their highest levels in decades.

ABC.AZ informs that according to Bloomberg, the price of Arab Light for Asia has been reduced by $6 per barrel ($5 was expected), while the premium to the Oman/Dubai basket remains around $9.5, close to multi-year highs. Prices for Europe and the Mediterranean have also been reduced by $10 and for North America by $2.

The decision was made amid an agreement between OPEC+ countries to increase production by 188,000 b/d from July.