VOL. XLIII

No. 06

7-February-2000

SAUDI ARABIA

Saudi Aramco Informs Customers Of Details Of New Brent Futures-Related Price Formula For Crude Sales To Europe

Saudi Aramco has now formally notified its term customers of the full details of its plan to change the pricing benchmark for shipments of Saudi crude to Europe (Northwest Europe and the Mediterranean) and South Africa from the present Dated Brent to a weighted average futures price on Londons International Petroleum Exchange (IPE). As...