Middle East Economic Survey

VOL. LIII

No 2

11-Jan-2010

Saudi Crude Oil Prices Mostly Raised For Western Markets, Reduced For Far East

Saudi Aramco on 6 January announced to customers its monthly crude price formula adjustments for February 2010. For Northwest Europe and the Mediterranean markets, prices were increased, while those to the Far East were reduced. For the US, prices for which are now factored against the Argus Sour Crude Index (ASCI), the price of Saudi light crudes was increased, but...