VOL. XLVII

No 10

08-March-2004

OIL PRICES

Saudi Crude Prices For April Mainly Reduced To West, Increased To Asia

Saudi Aramco announced its April crude pricing formulas to customers on 3 March, reducing the price for most grades to be delivered to western companies and raising the price of most grades for delivery to eastern customers. As usual the formulas were based on the performance of competing crudes on spot markets in the month before the prices were set, and also to some extent on the...