Saudi Aramco Cuts Arab Light Crude Price by $11/Barrel in August, Largest Reduction in 26 Years

According to market sources, Saudi Aramco reduced its official selling price (OSP) for Arab Light crude oil exported to Asia in August by $11 per barrel, marking the largest reduction in at least 26 years. Goldman Sachs has raised its outlook for the international aviation industry, upgrading its net profit forecasts for the third and fourth quarters of 2026 by 24% and 32% respectively, citing robust air travel demand despite fuel cost pressures. Analysts note that aviation stocks may experience a cycle reversal as oil prices moderate, potentially unlocking earnings upside that the sector has yet to fully price in.
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