OIL PRICES/OPEC/SAUDI ARABIA
Saudi Crude Price Adjustments For July Mixed
Saudi Aramco on 5 June announced its July crude pricing formulas to customers, lowering prices for most of the lighter crudes and raising those of the medium and heavy grades. Saudi Aramco bases its pricing formulas mainly on recent spot price movements for competing crudes in the regional markets.
The formulas for July 2012 and the previous 12 months for deliveries to the US,...