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Saudis Slash Main Oil Price to Rare Discount
Bloomberg Television· 2026-07-06 20:07
Ellen, um. You are the voice that we wanted to talk to you. What's your read on this.Is it a surprise. Does it make sense in terms of what we're seeing out of Saudi Arabia and Saudi Aramco. So I think it's interesting, um, mostly because Aramco has traditionally done most of its business, you know, in Asia in long term contracts, and they've got long term contracts for crude with Chinese refineries, Chinese petrochemicals, um, Korean, Japanese.They they've got a lot of their kind of long term contracts. The ...
Gas Prices Coming Down 7/6/26
CNBC Television· 2026-07-06 07:00
With a CNBC Your Money Minute, I'm Jessica Ettinger. On Thursday, July 2nd, the price of US crude oil hit its lowest since before the US launched missiles into Iran, back to its pre-war price. The peace pause and a few ships moving through the Strait of Hormuz in the Middle East helping to bring oil prices down.A few days earlier, President Trump demanded that US gas stations lower their gas prices to $2.50% a gallon. A nod to America to 50 perhaps, but GasBuddy's Patrick DeHaan tells CNBC's Kelly Evans tha ...