Aramco's August Price Cuts Signal Intensifying Battle for Asian Market Share, Kpler Says
() -- Saudi Aramco slashed its official selling prices for Asia by $11 per barrel in August, a decision that underscored deepening concerns over a global crude supply glut as regional production recovers faster than demand, Kpler strategists said in a note on Tuesday. Muyu Xu, senior Crude Oil Analyst at Kpler, said th