Middle East Economic Survey


No 10


Saudi Aramco Raises Crude Prices To All Destinations For April

Saudi Aramco announced on 4 March an increase in all of its crude oil formulas to all destinations for deliveries during April. While the market had expected Saudi crude prices to increase over March levels, the rise was viewed in the market as steeper than anticipated. The increases come amid indications that the production cuts agreed to by OPEC members effective January are...