Saudi Arabia Cuts Oil Prices for June

🇸🇦 Bloomberg (SA) —

AI Summary

Saudi Arabia is set to reduce the prices of its main oil grade for June following a record high in May. This decision comes amid ongoing disruptions to oil supply due to conflicts in the Middle East.

Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May. The premium for next month is the second-highest on record as the war in the Middle East continues to severely disrupt supplies. Bloomberg’s Anthony di Paola reports.

Politics Commodities Energy Saudi Arabia oil prices Middle East supply disruption energy market

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