07.06.2016 - Saudi Aramco curbs oil price hikes as it seeks to defend market share
Saudi Arabia has lifted the price of its crude exports to the US and Asia by less than expected, and deepened cuts for European buyers, in a bid to balance the Kingdom’s need to boost oil revenue while keeping a grip on its dominant market share. The world’s largest crude exporter more than doubled the price it charges Asian customers on top of the regional oil market price, lifting exports by 35 cents a barrel to 60 cents, in its second consecutive monthly price increase...............................................Full Article: Source
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