VOL. XLV
No 23
10 June 2002
SAUDI ARABIA
Saudi Aramco Cuts July Pricing ToUS, Increases To Europe And Narrows DifferentialsTo Asia
SaudiAramco announced to customers on 5 June its contractprices for July deliveries, including cuts for all grades to the US, an increase for all grades to Europe, and a narrowing of the light-heavy differential to Asia. MEES soundings indicate that the July pricing wasmuch as anticipated by customers, and reflects Saudi Aramcosnormal policy of tracking crude and...
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