The eight producers also reiterated their pledge to fully compensate for any overproduction since January 2024
The drop marks the biggest decline in more than two years and is the second consecutive month Aramco has lowered its prices
The remaining OPEC+ cuts of 3.66 million bpd, agreed in earlier steps, are staying in place until the end of 2025
Total OPEC+ oil production is scheduled to increase by roughly 180,000 b/d each month in the fourth quarter of 2024
Oil prices have slumped by a fifth since early August on fears over the global economy
South American nation Venezuela tops the list, followed closely by Saudi Arabia.
Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.