Saudi Arabia slashes Asia oil prices to five-year low amid oversupply fears.

Araverus Team|Friday, February 6, 2026 at 9:24 AM

Araverus Team

Feb 6, 2026 · 9:24 AM

Crude Oil · Energy Markets · Oil Prices · Saudi Arabia

Crude Oil Energy Markets Oil Prices Saudi Arabia

Saudi Arabia has cut the official selling price of March Arab Light crude to Asia to a five-year low, marking the fourth consecutive month of price reductions, amid concerns of oversupply in the global oil market.

Saudi Arabia slashes Asia oil prices to five-year low amid oversupply fears.

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