No. 11

12 March 2001


Saudi Aramco Cuts Prices Of Most Crude Grades For April Delivery

Saudi Aramco has reduced the prices of most of its grades of crude oil for delivery in April, with the prices of all grades reduced for European customers and the cost of lighter grades reduced for US and Asian customers. The new prices were announced on 5 March, and while as usual Saudi Aramco has tracked the prices of competing crudes and netbacks in the three markets, in the month...