VOL. XLVI

No 49

8-December-2003

OIL PRICES

Saudi Crude Prices Mainly Increased For January As Market Tightens

Saudi Aramco announced its January crude price formulas to customers on 3 December, increasing the prices for most grades to western markets and increasing the price of lighter grades to Asia. As usual the prices reflected the performance of competing crudes in the regional spot markets in the past month, and also regional products pricing trends. The price increases to the US and Europe...