Middle East Economic Survey

VOL. LII

No 36

7-Sep-2009

Saudi Aramco Cuts October Crude Prices To US And Med, Raises Far East, NW Europe

Saudi Aramco announced to customers on 2 September its monthly crude price formula adjustments for October. It cut prices to the US and the Mediterranean, but increased them for Northwest Europe and the Far East. Saudi Aramcos price formulas are mainly determined by the recent performance of competing crudes in regional spot markets.

To The US

For October deliveries...