Middle East Economic Survey

VOL. LII

No 44

2-Nov-2009

Saudi Aramco Switching To Argus Sour Crude For January US Deliveries

Saudi Aramco will, as of January 2010, begin using the Argus Sour Crude Index (ASCI) published by Argus Media as the current benchmark for all grades of crude oil sold to US customers. Saudi Aramco has used WTI crude prices published by McGraw Hills Platts as the benchmark for crude sales to the US since 1994. A statement published by Argus Media on 28 October said: This...