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...
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