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Saudi Arabia

Saudi Arabia Proposes Linking Mediterranean Crude Prices to Fuel OilSulfur Spread

According to MEES sources, Saudi Aramco is proposing to its Mediterranean andEuropean customers a system under which adjustments in the price formulas forcrude liftings from Sidi Kerir, the Mediterranean terminus of the Sumedpipeline, would be linked to changes in the price spread between low and highsulfur fuel oil. Though details of the proposal are not yet absolutely...