(Bloomberg) — Saudi Arabia kick started an all-in oil price war on Saturday, slashing the official selling prices for its flagship crude Arab Light by the most in 20 years, in an effort to push as many barrels into the market as possible.The cut by Saudi Aramco, the state-owned oil company, came after the collapse of the OPEC+ talks a day earlier, ending the cooperation between Saudi Arabia and Russia that has underpinned oil prices since 2016.The state producer lowered April pricing for crude oil sales to Asia by $4-$6 a barrel to Asia and to the U.S. by $7 …read more
Source:: Yahoo Finance
