VOL. XLVI

No 41

13-October-2003

OPEC

OIL PRICES

Saudi Crude Price Changes For November Vary According To Region

Saudi Aramco announced its November crude oil pricing formulas to customers on 5 October, raising the price for all grades to the US, cutting prices across the board to European customers, while reducing the price for most light grades and increasing the price of heavier grades to the Asian market. As usual the changes to the formulas were based mainly on the performance of competing...