Saudi Aramco Cuts Crude Oil Prices for August

Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, said Monday it will cut certain crude oil prices in August, compared with July. According to a price list from the Saudi state-owned oil giant, prices for North West Europe and the Mediterranean were reduced by $15. Meanwhile, crude prices for buyers in North America were lowered by $8, while those for Asian buyers dropped by $11.