Monday, March 06, 2017

I Knew They Couldn't Keep Oil Going Up

Saudi Aramco Gives Its Asian Buyers A Discount

Deviating from the Organization of Petroleum Exporting Countries’ efforts to jack up the price of oil, Saudi Arabian Oil Company, commonly known as Saudi Aramco, offered Asian customers a discount on its light crude exports for the first time in three months, Reuters reported Friday, citing “trade sources.” The price cuts, one of which stood at…