Oil Decline Slows Down Saudi Economy

Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in one of the fastest growing nations of the G20.
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Research indicates there are approximately 161 different blends in total traded on the market these days, and they are classified by geography. There are three different types of primary benchmarks, namely: North America’s West Texas Intermediate crude (WTI) {light (WTI) }, North Sea Brent Crude (Brent), and OPEC basket used by OPEC (ORB), Other well-known blends include: Dubai and Oman or {Oman (sour)}. Tapis Crude (which is traded in Singapore), Bonny Light (used in Nigeria), Mexico’s Isthmus, and Maya.

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