VOL. XLIV

No. 24

11 June 2001

SAUDI ARABIA

Markets Expect Saudi Aramco To Carry Over June Volumes As It Announces Price Increases For July

On 5 June Saudi Aramco informed customers of its July contract prices for crude oil, raising the prices of almost all of its grades to the three regional markets. MEES soundings indicate that the company based its July pricing mainly on the strong performances of the three regional crude price references during May: WTI crude for the US, the IPEs Brent...