Middle East Economic Survey
VOL. XLVII
No 37
13-September-2004
OIL PRICES
Saudi Crude Prices Mainly Reduced Sharply For October On Sour Crude Weakness
Saudi Aramco on 6 September announced its October crude oil pricing formulas to customers, making major reductions to deliveries of all grades to the western markets, and reducing the cost of heavier grades while increasing the price for lighter grades to Asia. Discounts for US and European customers now stand at their lowest level ever, and...
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