VOL. XLV

No 14

8-April-2002

SAUDI ARABIA

Saudi AramcoRaises Crude Prices To US, Widens Light-HeavyDifferentials To EuropeAnd Asia

SaudiAramco announced its May crude pricing formulas on 3April, raising the price of all grades to the US and widening the differential between light and heavygrades for deliveries to Europe and Asia. As usual the company based its pricing for the month aheadon the behavior of competing crude prices and products pricing in the previousmonth. MEES soundings indicate...