Middle East Economic Survey
VOL. LII
No 23
8-Jun-2009
Saudi Aramco Increases Crude Prices For All Destinations For July
Saudi Aramco on 3 June announced increases in all of its price adjustment factors for all of its crude oil deliveries to all destinations in July. Saudi Aramcos price formulas are mainly determined by the performance of competing crudes in regional spot markets. The July price formulas reflect a general strengthening in the overall crude market in recent weeks, as well as a...
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