Middle East Economic Survey
VOL. LII
No 32
10-Aug-2009
SAUDI ARABIA/OPEC/OIL PRICES
Saudi Aramco Raises Crude Prices To US, Cuts Most Prices To Other Destinations
Saudi Aramco announced to customers on 5 August the adjustments in its crude price formulas for September, raising prices to the US while reducing most other prices to Northwest Europe, the Mediterranean and the Far East. Saudi Aramcos price formulas are mainly determined by the recent performance of competing crudes in regional spot...
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