Brent crude prices drop to $71 as Saudi Aramco cuts prices

Global oil prices, tracked by Brent futures, have fallen to $71 per barrel, remaining below the $75 threshold after Saudi Arabia’s state-owned oil giant, Aramco, implemented deeper-than-expected price cuts for its Asian customers. Aramco’s price reductions are attributed to delays in OPEC’s plans to control production, adding further pressure to efforts aimed at stabilizing global […]