Middle East Economic Survey

VOL. XLVIII

No 41

10-October-2005

Saudi Crude Prices For November Increased To Europe, Reduced To US And Asia

Saudi Aramco announced its November crude oil pricing formulas to customers on 4 October, increasing the cost for deliveries to Europe while decreasing the prices for deliveries to the US and Asia. As usual the pricing formulas reflected the performance of competing crude grades on the three regional spot markets in the month before price setting in this case...