VOL. XLIV

No 46

12 November 2001

SAUDIARABIA

Different ApproachesTo Western And Eastern Markets In Saudi Aramcos December Crude Pricing

SaudiAramco announced its contract crude oil prices to customers on 5 November,raising most prices for westbound deliveries but cutting prices for all gradesto Asia. Given falling benchmark crude oil prices during October, the month usedby the company to gauge its December pricing, it would appear at first glancethat Saudi Aramco has departed from its usual...