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...