VOL. XLVI

No 10

10-March-2003

SAUDI ARABIA

Saudi Crude Prices For April Show Cuts For Heavier Grades

Saudi Aramco announced to customers on 5 March its crude price formulas for April, reducing the price for all grades to the US market and reducing the cost of heavier grades while increasing light grade prices to Europe and Asia. The pricing formulas reflect the companys analysis of spot crude and products markets in the previous month. February spot trading was marked by an undermining of prices...