Fri, 06 Feb 2015 19:20:14 GMT
Saudi Arabia fights for market share in Asia
The world's biggest exporter of crude oil, Saudi Arabia, cut oil pricing for March sales to Asia, reinforcing a view that the nation is serious about defending its market share. State-owned Saudi Arabian Oil Co. decreased its official selling crude price for Arab Light oil by 90 cents, which is now $2.30 cheaper per barrel compared to alternative Middle East