VOL. XLV

No 2

14 January 2002

SAUDI ARABIA

Saudi Aramco Raises Most CrudeContract Prices For February Delivery

SaudiAramco announced to customers on 7 January the contract prices for February deliveriesof crude oil, raising the prices to all destinations of all grades apart fromArab Medium and Arab Heavy crudes to Asia, which were rolled over. Afterunexpectedly steep rises to US customers in January (MEES, 10 December2001), Saudi Aramco has more obviously followed its usual policy of reflecting...