Middle East Economic Survey
OPEC/OIL PRICES/SAUDI ARABIA
Saudi Crude Prices For August Reduced For US, Increased For Europe, Mixed For Asia
Saudi Aramco announced its August crude oil pricing formulas to customers on 4 July, reducing the prices for all grades to be delivered to the US, while increasing prices for Europe and narrowing the light-heavy price differential for the Far East. As usual, the August prices reflected the recent performance of marker crudes on the...