Middle East Economic Survey
VOL. XLVII
No 28
12-July-2004
OIL PRICES
Saudi Crude Prices Mainly Increased To US, Reduced To Europe And Asia
Saudi Aramco announced its August crude oil pricing formulas to customers on 5 July, increasing the price for most grades to the US but significantly reducing prices for deliveries to Europe and Asia. As usual the company based its pricing adjustments on the performance of competing crude grades on the three regional spot markets during the month before the new...
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