VOL. XLVII
No 06
09-February-2004
OIL PRICES
Saudi Crude Prices For March Show Large Reductions To US
Saudi Aramco announced its March crude price formulas to customers on 4 February, significantly reducing the price for all grades to the US, but making only minor adjustments to pricing for deliveries to Europe and Asia. The decline in US prices for Saudi crude is attributable to a sharp fall in prices for sour and heavy crude during January spot market trading. This was caused by a decline in...
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