Middle East Economic Survey
VOL. LII
No 19
11-May-2009
OPEC/OIL PRICES/SAUDI ARABIA
Saudi Aramco Cuts Crude Prices For US Delivery, Raises Most Others To Europe And Asia
Saudi Aramco on 5 May announced the price adjustment factors for its crudes for June deliveries. Prices to the US were reduced while most prices to Europe and Asia were marked up. Saudi Aramcos price formulas are mainly determined by the performance of relevant crudes in regional spot markets, and the latest prices are intended to...
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