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Aramco, light crude cuts
- Saudi Arabia: Saturday, January 06 - 2007 at 14:33
Saudi Aramco has cut the price of its light crude oil varieties that will be exported to Asia next month due to rising diesel and kerosene stockpiles, reported Bloomberg. Aramco has lowered the premium for its benchmark price for Super Light crude to $6.2, a drop of 60 cents. Extra Light's premium is down 30 cents to $3.15, while Arab Light's is down ten cents to five cents a barrel.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, January 06 - 2007 at 14:33 UAE local time (GMT+4)
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This article was updated on Thu Apr 05 2007.
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