VOL. XLV

No 27

8-July-2002

SAUDI ARABIA

Saudi AramcoRaises Most Western Prices And Cuts Most Asian PricesFor August

SaudiAramco announced to customers on 3 July its contractprices for August crude deliveries, raising the prices for most grades towestern markets and reducing most prices for grades destined eastwards. Asusual, Saudi Aramco based its price formulas on theperformance of regional spot crude and products markets in the month precedingthe pricing announcement. MEESsoundings indicate...