Saudi Aramco to Cut Oil Prices for U.S. in August, Raise Them for Europe

(Bloomberg) -- Saudi Aramco, the world's largest
state oil company, cut prices of its crude oil to be exported to
the U.S. in August. It raised prices for Europe.

Aramco cut prices of all grades it sells to the U.S. by
between 35 cents and 50 cents a barrel, the Dhahran, Saudi
Arabia-based company said in an e-mailed statement late
yesterday. Aramco said it raised prices for shipments to Europe
in August by between 40 cents and 70 cents a barrel.


Read more at Bloomberg Energy News