VOL. XLVII
No 15
12-April-2004
OIL PRICES
Saudi Crude Prices For May Show Mainly Reductions To Western Markets, Increases To Asia
Saudi Aramco announced its May crude oil pricing formulas to customers on 5 April, reducing the prices for deliveries of most grades to the US and Europe, while increasing the prices for most grades to Asia. As usual the company based its latest pricing formulas on the performance of marker crudes on the three regional spot markets during the month preceding...
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