Middle East Economic Survey

VOL. LII

No 41

12-Oct-2009

Saudi Crude Prices For November Cut To US And Far East, Raised To Europe

Saudi Aramco announced to customers on 5 October its monthly crude price formula adjustments for November. It cut prices to the US and the Far East, but increased them to Northwest Europe and the Mediterranean. As usual, Saudi Aramcos price formulas were mainly determined by the recent performance of competing crudes in regional spot markets. US Gulf Coast prices for sour...