Saudi Arabia Retains Price Formula for August
Saudi Arabia has reportedly retained the same price formula for Arabian Lightand Medium crudes for August contracts as in July (MEES, 27 June). Saudi crudeprices f.o.b. Ras Tanura for August applicable to Aramco group buyers are asfollows:
- Deliveries to US: Arabian Light, Alaska North Slope (ANS) spot price minus$1.20/B; Arabian Medium, ANS minus $2.10/B; Arabian Heavy, ANS minus $2.50/B.
- Deliveries to...