VOL. XLIV

No 50

10 December 2001

SAUDI ARABIA

Saudi Aramco Hikes Most Crude Oil Prices For January

Saudi Aramco has raised thecontract prices for most grades of crude oil for delivery during January. On 5December the company informed customers of pricing formulas for January, withUS customers particularly surprised by the size of the price increases to theregion, but European and Asian customers feeling their increases were more inline with November market trends.

January contract prices to the...