Middle East Economic Survey

VOL. XLIX

No 7

13-February-2006

OPEC/OIL PRICES/SAUDI ARABIA

Saudi Crude Prices For March Reduced To US, Increased To Europe And Asia

Saudi Aramco announced its March crude oil pricing formulas to customers on 6 February, reducing the prices of most deliveries to the US and increasing the prices of all grades to Europe and Asia. While the US and European pricing follows Saudi Aramcos usual policy of adjusting prices in line with the spot market performance of competing...