Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

SAUDI ARABIA/OPEC/OIL PRICES

Saudi Crude Prices For January Mainly Raised

Saudi Aramco on 5 December announced its January crude price formulas for customers, raising the prices of most crudes. As usual, the pricing mainly reflects recent spot price movements for competing crudes in the three regional markets. The increases for Asia and Europe can also be attributed to some extent to a rise in refining margins, whereas US Gulf Coast...