Iraq, Kuwait and Iran decided to cut prices to Asian markets, following a similar move by OPEC’s largest producer
Other OPEC producers have decided to follow in the footsteps of the organization’s largest producer and cut prices to Asian markets. Iraq, Kuwait and Iran have all announced that they will be selling their oil at increased discounts to Middle Eastern benchmarks in order to protect market share in Asia.

Last week, Saudi Aramco said that the company would be selling its oil at a discount in Asian markets. The company sent out an e...

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