Saudi oil sales discount increased
According to Mehr News Agency to According to Reuters, the state-owned company Aramco announced in a statement that it has set the price of its light oil for sale to Asia in April at a discount of $3.10 to the average Oman/Dubai price, which is 6 The dollar is lower than the price of a barrel in March.
The company has set the price of its light oil for sale to America in April at a discount of $3.75 compared to ASCI, which is $7 cheaper than in March.
Also, this company has set the price of this type of oil for sale to Northeast Europe with a discount of $10.25 compared to Brent oil, which is $8 cheaper than March.
A three-year deal between OPEC and Russia ended on Friday after Moscow did not support further oil production cuts.
The price of oil lost about 10% of its value due to the fear of another drop in the price of oil like in 2014. At that time, Saudi Arabia and Russia were competing with American shale oil producers for market share.
