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Saudi Arabia cuts oil prices again: What it means for Asia and India | US-Venezuela conflict

Last Updated: Jan 07 2026 | 7:43 PM IST

Saudi Arabia has cut the price of its flagship crude oil to Asia for the third straight month, signalling persistent oversupply in global oil markets. The move has implications for crude prices, OPEC+ strategy, and India’s import bill. Here’s what’s driving the decision and why it matters.

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