SAUDI ARABIA/OIL PRICES/OPEC
Saudi Crude Price Adjustments Mixed For August
Saudi Aramco on 4 July announced its August crude pricing formulas to customers, raising all the prices for shipments to Asia and Northwest Europe, but making mixed adjustments for US and Mediterranean customers. Saudi Aramco bases its pricing formulas mainly on recent spot price movements for competing crudes in the regional markets.
The formulas for August 2012 and the previous 12 months for...
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