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UAE and Saudi Arabia Reduce Benchmark Crude Oil Prices
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UAE and Saudi Arabia Reduce Benchmark Crude Oil Prices

Two major state-owned oil companies from the UAE and Saudi Arabia have announced a reduction in their benchmark crude oil prices. Saudi Aramco, recognized as the world’s leading oil exporter, has lowered its crude oil prices for Asian buyers in April for the first time in three months. This decision aligns with market expectations following...

UAE Commits to Opec+ Oil Production Adjustments
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UAE Commits to Opec+ Oil Production Adjustments

The UAE has confirmed its commitment to ensuring stability in the oil market by adhering to additional voluntary production adjustments aimed at balancing supply and demand. This announcement comes as Opec+ has decided to implement a planned increase in oil output starting in April 2025. On Monday, Opec+ member countries, including Saudi Arabia, Russia, Iraq,...