{"id":22642,"date":"2026-07-07T13:02:40","date_gmt":"2026-07-07T08:02:40","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=22642"},"modified":"2026-07-07T13:02:58","modified_gmt":"2026-07-07T08:02:58","slug":"22642","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=22642","title":{"rendered":"Saudi Aramco Announces Major Cut in Oil Prices"},"content":{"rendered":"<p><strong>Saudi Arabia&#8217;s state-owned oil company Aramco has announced a major reduction in oil prices.<\/strong><\/p>\n<p>According to a Bloomberg report, Aramco will cut the price of its Arab Light crude oil for Asian customers by $11 per barrel next month.<\/p>\n<p>Following the reduction, Arab Light crude will be available at a discount of $1.50 per barrel compared with the regional benchmark.<\/p>\n<p>The report said the price cut is larger than the $8 per barrel reduction expected in a Bloomberg survey.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s state-owned oil company Aramco has announced a major reduction in oil prices. According to a Bloomberg report, Aramco will cut the price of its Arab Light crude oil for Asian customers by $11 per barrel next month. Following the reduction, Arab Light crude will be available at a discount of $1.50 per barrel [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":22643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","override":[{"template":"3","parallax":"1","fullscreen":"1","layout":"no-sidebar","sidebar":"home-loop","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"bottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_date":"1","post_date_format":"ago","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","number_popup_post":"5","show_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-715"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[41,47,46],"tags":[12868,12866,11762,2921,5528,1596,4418,1365,5502,12613,12869,6467,434,12867,12870],"class_list":["post-22642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-important-news","category-latest","tag-arab-light-crude","tag-aramco","tag-asia","tag-bloomberg","tag-business-news","tag-crude-oil","tag-energy","tag-global-market","tag-global-oil-market","tag-international-news","tag-oil-price-cut","tag-oil-prices","tag-saudi-arabia","tag-saudi-aramco","tag-saudi-oil-company"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/22642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22642"}],"version-history":[{"count":2,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/22642\/revisions"}],"predecessor-version":[{"id":22645,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/22642\/revisions\/22645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/22643"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}