VOL. XLVI
No 23
9-June-2003
SAUDI ARABIA/OPEC/OIL PRICES
Saudi Crude Prices Mainly Raised For July Deliveries
Saudi Aramco announced its July crude oil pricing formulas to customers on 5 June, raising the price for all grades to all destinations except for Arab Heavy deliveries to the US. As usual the pricing formulas were based on the performance of competing crudes on the spot markets during the previous month, in this case May. However, the July prices show greater increases than were witnessed...
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