Middle East Economic Survey

VOL. LII

No 15

13-Apr-2009

OPEC/OIL PRICES/SAUDI ARABIA

Saudi Aramco Cuts Most Crude Prices For May Delivery

Saudi Aramco announced to customers on 6 April a reduction in price for almost all of its crude oils to all destinations in May, with the exception of Arab Super Light to the Far East. While the monthly pricing is based as usual mainly on the recent performance of competing grades on the regional spot markets, the latest formulas can also be viewed as Saudi Aramco...