Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest oil exporter, has cut the official selling price for its Arab Light crude oil grade for Asian customers by $0.70 for September to a premium of $1.20 a barrel to the average of Oman and Dubai quotes, Reuters reported Thursday.

 

The official selling price (OSP) for September Arab crude falls by 40 cents a barrel for the light crude and 70 cents a barrel for the medium.

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