Middle East Economic Survey
VOL. XLVII
No 37
13-September-2004
OIL PRICES
Crude Prices Rangebound By Strong Supplies And US Stockdraw
Crude oil prices eased early last week after Saudi Aramco announced on 6 September cuts in the range $1.20-2.25/B for October deliveries of the countrys four main crude oil grades to western markets. The cuts reflected a dramatic weakening of global markets for sour crudes in August and were taken by the markets as a signal that overall crude supplies were exceeding...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!