Saudi Arabia has reduced the February oil prices for Europe. Saudi Aramco oil company has made this decision.
In January 2016 the company reduced the price for Arabic light oil for Europe by $0.60 and is going to sell its oil with a discount of $4.85 against North Sea Brent oil.
Aramco has fixed price of light oil for the Asian consumers and it went up by $0.60 for the,. Now discount for Oman/Dubai mixture will be $0.80.
The prices for February futures for the US consumers have remained unchanged.
The analysts believe that Saudi Arabia takes these steps to put economic obstacles on the way of Iran, when it starts delivering additional volumes of oil to the world markets.
