NO. 27


Oil Prices

Saudi Arabia Again Raises Medium/Heavy Crude Price Formulas

Saudi Aramco has raised for the second consecutive month the prices of bothArab Medium and Arab Heavy crudes to all destinations, while lowering the priceof the Extra Light Berri and keeping unchanged the price formula for Arab Light.For May, Arab Medium was raised by 10 cents/B to the US, 20 cents/B to Europe,and 5 cents/B to the Far East, while Arab Heavy was increased by 20 cents/B tothe US, 25...