VOL. XLVI
No 28
14-July-2003
SAUDI ARABIA/OPEC
OIL PRICES
Saudi Crude Prices For August Show Decreases For Light Grades
Saudi Aramco announced its August crude oil pricing formulas to customers on 6 July, reducing prices for lighter grades to all destinations, and increasing the price for heavier grades to Europe and Asia. As usual the pricing formulas were based mainly on the performance of competing crudes on the spot markets in the month before the new prices were set, and also on the strength...
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