VOL. XLVI
No 45
10-November-2003
OPEC
OIL PRICES
Saudi Crude Prices Reduced For US And Europe, Mainly Raised For Asia
Saudi Aramco announced its December crude oil pricing formulas to customers on 5 November, reducing the price for all grades to the US and European markets, and increasing all but the price of Arab Heavy to Asia. As usual the price formulas reflect the performance of competing crude oil blends in the three main regional spot markets, and also regional products pricing trends....
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