VOL. XLV
No 19
13 May 2002
SAUDI ARABIA
Saudi AramcoRaises June Price Of Most Crude Grades In Response ToSour Crudes Strength
SaudiAramco announced its June crude pricing formulas on 6May, raising the contract prices for most grades. As usual the company basedits month ahead pricing on the performance in spot markets in the previousmonth of competing crudes and on regional productsprices. In April the market for sour crudestightened, with Venezuelan crudes in relatively shortsupply following a...
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