Saudi oil reduces oil prices for Asia

Due to weak demand Saudi Aramco, the state oil from Saudi Arabia, lowered the price of most types of oil for May selling to Asia. The lightweight, super extra light oil fell $ 0.20 to $ 0.35 per barrel, respectively, and the light fell $ 0.30 a barrel, according to company statement.

The price will be for customers from the Far East. For Europe the value also fell, but the decline was smaller. In May the value fell between $ 0.40 and $ 0.70 a barrel. As for the United States, Saudi raised the price of all types of oil.

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