VOL. XLIV
No. 28
9 July 2001
SAUDI ARABIA
Saudi Aramco August Pricing Reflects Iraqi Exports Halt And Poor Refining Margins
Saudi Aramco informed customers on 5 July of its August contract prices for crude oil, raising prices significantly for all grades to the US market and implementing a mixture of hikes and cuts to Europe and Asia. MEES soundings indicate that the new prices reflect two main factors which influenced spot market movements during June: the absence of Iraqi oil from the market as...
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