VOL. XLVI
No 32
11-August-2003
SAUDIA ARABIA
OIL PRICES
Saudi Crude Price Changes A Mixed Bag For September Deliveries
Saudi Aramco announced its September crude oil pricing formulas to customers on 5 August, reducing prices to the US, increasing prices to Europe, and widening the light-heavy differential for Asia. As usual the pricing formulas were based on the performances of competing crude on the three regional spot markets during the month before prices were decided, and to some extent on...
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