Saudi Arabia will cut prices for exported oil for buyers from all regions except the United States in June, state-owned Saudi Aramco (TADAWUL:2222) said.

Thus, the cost of fuel delivered to Asia will drop by $4.95 a barrel, while the Arab Super Light grade will drop by $5.1 a barrel. As a result, it will cost $5.75 higher than a basket of Oman and Dubai crude.

Oil prices for buyers from northwestern Europe and Mediterranean countries will decrease by $2-3 per barrel from next month.