Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

OPEC/OIL PRICES/SAUDI ARABIA

Saudi Crude Prices For December Reflect Weakening Markets

Saudi Aramco announced its December crude oil pricing formulas to customers on 2 November, increasing the cost of all grades for European customers, while increasing the cost of heavier grades and cutting the prices for lighter crudes to both the US and Asia. Usually the company sets its contract prices mainly bearing in mind the performance of...