Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

Saudi Crude Prices For February Reduced To Europe, With Mixed Changes To US And Asia

Saudi Aramco announced its February crude oil pricing formulas to customers on 5 January, reducing the prices for all grades into Europe, while introducing a mixture of rises and cuts for deliveries to the US and Asia. The February pricing reflects the performance of marker grades on the three regional spot markets during December, and also to some...