No. 20

15 May 2000


Saudi Aramco Cuts Price Of Most Grades To Western Markets For June, Raises Prices To Asia

Saudi Aramco on 4 May announced the prices of its crude oil grades for delivery to the US, European and Asian markets during June, involving a decrease in the cost of most grades for delivery to western customers but increasing the cost of all grades travelling eastwards. Unsurprisingly, western buyers were largely satisfied with the June prices, while Asian buyers...