Media: Saudi Arabia sharply reduced the price of crude oil for Europe

Media: Saudi Arabia sharply reduced the price of crude oil for Europe


A measure of Saudi Arabia followed diplomatic conflict with Iran. However, Saudi Arabia has increased the price of $ 0.6 per barrel for Asia and not change the price level for the United States.

MOSCOW, 6 Jan. Saudi Arabia on Tuesday sharply lowered the price of crude oil for European buyers, reports the Wall Street Journal.

State oil company Saudi Arabia Saudi Aramco reported higher discounts on light oil 0.6 $ / bbl Northwest Europe and $ 0.2 for Mediterranean buyers at the February purchase.

Such a step, according to the paper, could undermine the position of Iran, which has this year to increase exports of the fuel after the expected lifting of sanctions. Iranian oil workers have been perceived as an attempt to compete with Iran.

“The Saudis are preparing for the return of Iran,” said the former chief analyst for the oil market the oil Ministry of Iran Mohammad Sadegh Memarian.

A measure of Saudi Arabia followed diplomatic conflict with Iran. On Sunday, Saudi Arabia broke off diplomatic relations with Iran after protesters attacked the Embassy in Tehran and a Consulate in Mashhad. The cause of the protests was the execution in Saudi Arabia known Shiite preacher Nimr al-Nimr. However, Saudi Aramco did not mention the conflict in its press releases announcing the lower prices.

At the same time, Saudi Arabia has increased the price of $ 0.6 per barrel for Asia and not change the price level for the U.S., the newspaper added.