Saudi Aramco reduces the selling price of its light Arab crude


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Saudi Aramco decided today, Saturday, to reduce the price of selling its Arab light crude in April by $ 7 a barrel to America and by $ 8 to Europe.

It also decided to reduce the price of selling its Arab light crude to Asian customers in April shipments by 6 dollars per barrel, according to “Reuters”.

Aramco has finished Put up by the first year, In December, which raised $ 29.4 billion in the largest IPO of all time, and its market value became the largest in the world, bypassing Microsoft and Apple.

Aramco offered less than 2% of its shares, and chose the local market, which it relied heavily on FundraisingIn addition to investors from the neighboring Gulf markets.


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