Currently in the world Saudi Arabia is the top exporter country of crude oil. The country has reduced the prices of all types of crude oil for Asian buyers next October. However, prices for northwestern Europe and the United States have remained unchanged. News Reuters.

This year, a new strain of the epidemic coronavirus, Delta, announced a nationwide lockdown to deal with acute infections. This has reduced the demand for crude oil in the region. Saudi Arabia has reduced the price of the fuel product due to declining demand.

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