VOL. XLV

No 50

16-December-2002

SAUDI ARABIA

Saudi Crude Prices For January Mainly Reduced For West, Differentials Narrowed For Asia

Saudi Aramco announced to customers on 5 December its crude oil formulas for January 2003, reducing the price for most grades to western customers and narrowing the light-heavy price differential for deliveries toAsia. MEES soundings indicate that prices for westbound deliveries were a little lower than some customers had expected, while in Asia the price for Arab...