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Breaking Posted 11 hours ago

Saudi Aramco Cuts Asian Oil Prices to Six-Year Low

News
Aramco slashed Arab Light prices for Asian buyers to $5/barrel below the Dubai/Oman benchmark—the lowest since June 2020—while raising European prices by $3/barrel for November. Crude weakness weighs on CAD and energy-linked currencies; softer Asian demand signals global growth concerns amid persistent energy oversupply.
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9 hours ago

Aramco CEO: Less Than 10% of World Oil Inventory Available

Saudi Aramco's chief stated that less than 10% of global oil inventory is actually accessible for use, highlighting structural supply constraints. This reinforces the Saudi price-cutting narrative from two days ago and feeds the CAD repricing chain via crude; traders watch for central-bank reaction as energy costs affect inflation expectations across G10.

https://x.com/financialjuice/status/2107035268121317795
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