VOL. XLVI
No 2
13-January-2003
SAUDI ARABIA
Saudi Crude Prices Raised After Venezuela Crude Stoppage Hikes Spot Prices
Saudi Aramco announced to customers on 6 January its February crude oil pricing formulas, raising prices significantly to western markets and also raising the prices of light grades for Asian customers while widening the light-heavy differential. The sharp rises were largely a result of keen spot market competition during December for heavy, sour crudes in particular, after a...
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