Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

OIL PRICES

Saudi Crude Prices Raised To Europe, Changed Little To US And Asia

Saudi Aramco announced its July crude oil pricing formulas to customers on 7 June, raising the price for all grades to be delivered to Europe, but making little change to the prices for the US and Asia. As usual, the latest formulas reflect the performance of a number of marker crude prices tracked by Saudi Aramco on the three regional spot markets in the month...