Middle East Economic Survey


No 24


Saudi Crude Prices For July Raised To US And EuropeSaudi Aramco announced its July crude oil pricing formulas to customers on 5 June, raising the prices for all grades to the US and Europe, while for deliveries to Asia the light-heavy crude price differential was narrowed. The price rises for western markets follow sharp increases in the June pricing formulas (MEES, 9 May), but once again the hikes can be attributed mainly to a tightening...