Saudi Arabia lowers the oil price for European customers

Saudi Arabia has notified its European customers that they can get discount on a barrel of crude in July, reports the Wall Street Journal. This is allegedly in response to competition from Iran.
Photo: Ronald Zak/AP/Polfoto
Photo: Ronald Zak/AP/Polfoto
BY RITZAU FINANS

The world's top oil producer, Saudi Arabia, has according to the Wall Street Journal informed its European customers that it will reduce the price of a barrel of crude oil in July.

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