The market is under pressure from the deteriorating prospects for the global economic recovery.
Fears for a recovery in demand continue to put pressure on market participants.
The alliance is likely to extend the compensation period to October and November.
This was the minimum for at least the previous 10 years.
Saudi Aramco will cut prices for all grades of oil for buyers from Asia and the United States in October.
The situation with oil prices has not demonstrated stability over the past 4 months.