Saudis Slash Main Oil Price to Rare Discount
Ellen Wald, president of Transversal Consulting and Author of 'Saudi, Inc.,' said that Saudi state oil producer Saudi Aramco is lowering the price of oil
Ellen Wald, president of Transversal Consulting and Author of 'Saudi, Inc.,' said that Saudi state oil producer Saudi Aramco is lowering the price of oil to make it worthwhile for Asian buyers to charter a tanker to go into the Strait of Hormuz and to buy up stores of oil that have laid stagnant during the war. Wald said that while Saudi Aramco made money off of the conflict in Iran, they want the keep oil prices stable. Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE Subscribe to our Podcasts Bloomberg Daybreak Bloomberg Surveillance Bloomberg Intelligence Balance of Power Bloomberg Businessweek Listen on Apple CarPlay and Android Auto with the Bloomberg Business app Apple CarPlay Android Auto Visit our YouTube channels Bloomberg Podcasts Bloomberg Television Bloomberg Originals Quicktake
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