Saudi Aramco reportedly urges Asian buyers to increase crude purchases following price reductions.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2025
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Source: SeekingAlpha
Saudi Aramco's Price Cuts: Saudi Aramco has announced significant price cuts for its crude oil, urging Asian refiners to increase their purchases for October, following a reduction of $1 per barrel for its Arab Light crude.
OPEC+ Production Strategy: The price adjustments come after OPEC+ decided to raise output by 137,000 barrels per day, reflecting a strategy to maintain market share despite potential oversupply and lower prices, which could pressure Brent crude below $60 a barrel.
Analyst Views on COM
Wall Street analysts forecast COM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 31.041
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Current: 31.041
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
