Tehran, YJC. As the oil price is going down in international markets, Saudi Arabia in a fresh coalition with the US has started selling oil to costumers for one dollar below the international average.
Experts believe that the US is relying on surplus Saudi
Arabian oil to reduce the oil price in the global market, one of the results of
whom would be to further pressurize Russia.
Furthering the momentum of the global oil price plunge-down,
Saudi Aramco as the biggest company among the oil-producing companies has made
new moves to yet make the prices go further down, shooting the first shot in a
war on oil price.
The move shows that Saudi Arabia is not happy with the
downward oil price movement. The move is going to be detrimental to Iran,
Russia, and some other countries that need a minimum of 100 dollars for each
barrel of oil sold in order to make their needed budget.
Saudi Arabia has lowered the price for its light oil in the
Asian market as much as one dollar for November. The parties purchasing oil did
not expect the prices to drop more than 70 cents.
Saudi Arabia has also reduced the price for its oil exported
to Europe and the US 40 cents per barrel.
Source: mehr news