VOL. XLVI

No 37

15-September-2003

OIL PRICES

Saudi Crude Prices Mainly Increased For October Deliveries

Saudi Aramco announced its October crude oil pricing formulas to customers on 5 September, raising the prices for all grades to the US market and most grades to Europe, while widening the light-heavy price differential for deliveries to Asia. Normally Saudi Aramco bases its pricing formulas for the next month mainly on the performance of competing crudes in the three regional markets during the...