VOL. XLVII

No 19

10-May-2004

SAUDI ARABIAOIL PRICES

Saudi Crude Prices For June Reflect Varied Regional Market Pressures

Saudi Aramco announced its June crude oil pricing formulas to customers on 5 May, increasing the price for most grades to the US, reducing all grades to Europe, and widening the light-heavy differential for deliveries to Asia. As usual the company based its latest prices on the performance of marker crudes in the regional spot markets during the month before price-setting in...