VOL. XLIII

No. 11

13 March 2000

SAUDI ARABIA

Saudi Aramcos April Pricing Benefits European Refiners As BWAVE Reference Is Introduced

Saudi Aramcos April crude oil prices for delivery to the US, European and Asian markets were announced on 6 March and were seen to be largely in line with expectations, representing a cautious approach to recent market trends. The major issue was how European buyers would come to terms with Saudi Aramcos use of the Brent Weighted Average (BWAVE) benchmark, published...