VOL. XLV

No 36

9-September-2002

SAUDI ARABIA

SaudiAramco Cuts October Crude Prices To US And Asia But Keeps Europe The Same

Saudi Aramco announced to customers on 5 September its crudepricing formulas for October deliveries, reducing the prices of all grades tothe USand Asia,but keeping those to Europeunchanged. The October pricing was much as expected by customers, MEES soundings indicate. The companybases its month ahead prices on the performance ofspot markets in the previous month hence...