VOL. XLV

No 32

12-August-2002

SAUDI ARABIA

Saudi Aramco Reduces September USDeliveries Prices, Little Change For Europe And Asia

Saudi Aramco announced to customers on 5 August its crude pricingformulas for September deliveries, reducing the prices for all grades to the US butmaking only minor changes to pricing for Europe and Asia. TheSeptember pricing was very much in line with customer expectations, MEESsoundings indicate. As usual, the company based its pricing on the performanceof regional...