Did Saudi Arabia resume the oil war again?

Oil prices recently indicate a lot of tensions between the worlds exporting and importing, and Saudi Arabia is leading these tensions in a way that might suggest its resumption of the war on black gold prices.

In a report published by Oil Price, writer Tsvetana Paraskova said that oil prices in May, announced recently by the giant Saudi Aramco, indicate the allocation of important discounts for clients in Asia, for the second month in a row.

This is happening despite the historical event of the world's countries agreeing to reduce black gold production, and that was after Aramco postponed the announcement of official selling prices for the month of May several times in the past days, waiting for oil producers to reach a solution in the midst of talks on the deal to cut production amounting to Ten million barrels a day.

After the deal was concluded on Sunday, the following day, the giant Saudi Oil Company announced that it would reduce the price of exporting light sweet crude to Asia by $ 4.20 per barrel, compared to April, that is, at a discount of $ 7.30 per barrel, compared to the reference average for the ores of Oman and Dubai.

The price of selling Saudi oil to Europe remained steady, and did not witness a rise compared to April prices, but sales prices to the United States recorded a relatively high, as light Arab oil will be sold, an increase of three US dollars per barrel in May, compared to this month.

Asian market
Last month, Saudi Arabia reduced sales prices to all countries of the world, and then Russia broke a deal to cut production. Saudi Arabia launched a war against its crime by breaking prices in the market.

The significant cuts that have been devoted to Asia indicate that Saudi Arabia is trying to maintain its position on the Asian market and exclusively claim the lion's share, but analysts say that the slight rise in selling prices for the United States and the stabilization of prices at a monthly pace in Europe indicate that the Kingdom is trying to satisfy US President Donald Trump and Russian President Vladimir Putin alike.

The author quoted experts at Saxo Bank as saying that the high price of selling Saudi crude oil in the United States is likely to aim to "keep Trump happy", not to mention that Aramco is prepared to confront in order to extract its market share.

The rise in selling prices for the United States is primarily symbolic, and the real challenge is to maintain its market share, which is explained by the striking reduction in the selling prices of oil destined for Asia.

Another point of view
In a special statement to Al-Jazeera Net, Kuwaiti oil expert Dr. Ahmed Badr Al-Kouh said that Saudi Arabia wants to maintain its shares in the Asian market, which is thirsting for more oil at the present time in order to store at low price levels.

He added that increasing the prices of selling Saudi oil in the American markets is a message from Riyadh to push the prices there to rise, and then take advantage of these positive conditions.

As for European markets, the oil expert asserts that Saudi Arabia may not seem interested in it much.

Al-Kouh considered that Saudi Arabia was the initiative to commit to reducing production to support the stability of global crude markets, noting that Riyadh has specific quantities of oil that it wants to sell according to a plan that brings in the largest possible amount of revenue.