VOL. XLIV
No. 02
8 January 2001
SAUDI ARABIA
Saudi Aramco Reduces Most Crude Prices And Narrows Differentials For February
Saudi Aramco announced on 3 January its contract prices for crude oil deliveries during February, reducing the prices of most of its grades and narrowing light-heavy differentials in all markets. Some buyers have taken this as an indication that Saudi Arabia expects to secure a major reduction in OPEC production when the organizations ministers gather on 17 January, but also...
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