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flag Saudi Aramco cuts oil price by 40 cents per barrel, aligning with OPEC+ production increases.

flag Saudi Aramco has reduced the price of its Arab Light crude oil for Asian buyers by 40 cents per barrel for April, marking its first price cut in three months. flag This reduction aligns with OPEC+ easing production restrictions, increasing output by 138,000 barrels per day. flag Despite the price drop, Aramco's CEO remains optimistic about oil demand hitting a record this year.

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