Middle East Economic Survey

VOL. XLVIII

No 32

8-August-2005

Saudi Crude Prices For September Raised To Europe, Mainly Reduced Elsewhere

Saudi Aramco announced its September crude oil pricing formulas to customers on 3 August, increasing the price for all grades to Europe, but reducing prices to the US and Asia, apart from the Arab Super Light grade used by a small number of Asian customers. As usual Saudi Aramco based its pricing on the performance of regional crude oil and products spot markets...