Middle East Economic Survey

VOL. LIV

No 6

7-Feb-2011

SAUDI ARABIA/OIL PRICES/OPEC

Saudi Crude Prices Raised To US, Reduced To Asia And Europe

Saudi Aramco announced its March crude oil pricing formulas for customers on 2 February, raising the prices to the US and cutting prices to all other destinations. Saudi Aramcos pricing primarily reflects recent spot price movements for competing crudes in the three regional markets.

To The US

For March deliveries to the US, where Saudi Aramco...