Aramco cut prices of all grades it sells to the U.S. by between 35 cents and 50 cents a barrel, the Dhahran, Saudi Arabia-based company said in an e-mailed statement late yesterday. Aramco said it raised prices for shipments to Europe in August by between 40 cents and 70 cents a barrel.

The oil producer raised prices of Arab Medium and Arab Heavy grades for Asia by 30 cents and 50 cents a barrel, according to the statement. It cut prices of its Super Light and Extra Light, while keeping Arab Light price unchanged. -Neftegaz.ru