Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

Saudi Crude Prices Reduced For October

Saudi Aramco announced its October crude oil pricing formulas to customers on 5 September, reducing the price of all its crudes apart from Arab Super Light, which represents a relatively small volume of sales in the Asian market. As usual the company based its pricing decisions on the performance of competing crudes on the three regional spot markets during the previous month, and on regional...