Middle East Economic Survey
VOL. XLVII
No 32
09-August-2004
OIL PRICES
Saudi Crude Prices For September Reflect Differing Conditions In Regional Markets
Saudi Aramco announced its September crude oil pricing formulas to customers on 5 August, reducing the prices for most grades to the US, increasing the prices for all grades to Europe, and widening the light-heavy differential for crude deliveries to Asia. While the new pricing as usual reflects the performance of a number of crude grades on spot...
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