Middle East Economic Survey
VOL. XLVIII
No 11
14-March-2005
Saudi Crude Prices Mainly Raised For April
Saudi Aramco announced its April crude pricing formulas to customers on 7 March, raising the prices for all grades, apart from Arab Heavy for delivery to Asian customers which was reduced. The price increases came at a time when the markets benchmarks crudes were either near or had recently set new highs. While much of the recent buoyancy of Nymex and IPE trading was attributable to a long spell...
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