Saudi Arabia Shaves Price For ala for July
Saudi Arabia has reportedly cut its price formula for July contractdeliveries of Arabian light and medium crudes to Europe by 30 cents/B and to theUS by 10 cents/B, while leaving the formula for deliveries to the Far East un-changed.
According to market sources, Saudi crude prices f.o.b. Ras Tanura for Julyapplicable to Aramco group buyers are as follows (June prices in brackets):
- Deliveries to US: Arabian Light,...