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...