Middle East Economic Survey

VOL. LIV

No 15

8-Apr-2011

Saudi Crude Prices Mainly Reduced For May Deliveries

Saudi Aramco announced its May crude oil pricing formulas for customers on 5 April. Prices for light crudes to the US were raised, but the prices of all other crudes to all destinations were reduced. Saudi Aramcos pricing primarily reflects recent spot price movements for competing crudes in the three regional markets. Spot prices for sour crudes fell in March trading on increased...