VOL. XLIV
No. 07
12 February 2001
SAUDI ARABIA
Saudi Aramco Cuts Crude Prices ToWestern Customers But Hikes Prices To Asia For March Deliveries
Saudi Aramco announced on 6February its contract prices for crude oil deliveries in March, reducing theprices of supplies to the US and European markets but raising prices to Asiancustomers. The new prices reflect a general weakening of the prices of the WTIand Brent Weighted Average (BWAVE) benchmarks used by Saudi Aramco for settingrates to the US and...
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