Saudi Arabia may cut its June official selling prices for crude to Asia from record levels as spot premiums eased and demand cooled after weeks of supply disruption tied to the U.S.-Israeli war on Iran. The report points to softer near-term pricing for Middle East crude and fading war-related supply tightness, which could weigh on regional benchmarks and producer revenues.
Saudi Arabia may cut its June official selling prices for crude to Asia from record levels as spot premiums eased and demand cooled after weeks of supply disruption tied to the U.S.-Israeli war on Iran. The report points to softer near-term pricing for Middle East crude and fading war-related supply tightness, which could weigh on regional benchmarks and producer revenues.
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