Saudi Aramco abandons the WTI
Saudi Aramco’s decision to abandon the WTI (West Texas Intermediate) benchmark price for its oil exports to the United States could have strong repercussions in the global oil market

Saudi Aramco, Saudia Arabia’s national oil company and the largest exporter of oil in the world, has decided to abandon the West Texas Intermediate (WTI) benchmark price for its exports of crude oil to the United States. WTI, also known as Texas Light Sweet, is a type...