Saudi Arabia Latest News and Legal & Political Updates
Saudi Aramco has cut Arab Light crude prices for Asian buyers by $11 per barrel for August deliveries, the largest single-month price reduction in at least 26 years, as the Strait of Hormuz reopens, Brent retreats to $72, and a global supply surge shifts market power sharply toward buyers.
Read Full ArticleUAE exits OPEC and OPEC+ from May 1, 2026, aiming higher output and strategic autonomy, reshaping global oil markets and weakening cartel control.
.webp)
