Middle East Economic Survey
VOL. LII
No 6
9-Feb-2009
OPEC/OIL PRICES/SAUDI ARABIA
Saudi Crude Prices Hiked To All Markets For March Deliveries
Saudi Aramco announced to customers on 4 February an increase in prices for all its crudes for delivery in March. The increases can be viewed against a background of tightening crude oil markets because of agreed OPEC production cuts, under which Saudi Arabia has pledged to reduce output by some 300,000 b/d below its current 1 January production target of...
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