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Saudi Aramco cuts oil price by 40 cents per barrel, aligning with OPEC+ production increases.
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.
This reduction aligns with OPEC+ easing production restrictions, increasing output by 138,000 barrels per day.
Despite the price drop, Aramco's CEO remains optimistic about oil demand hitting a record this year.
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Saudi Aramco reduce el precio del petróleo en 40 centavos por barril, en consonancia con los aumentos de producción de la OPEP+.