VOL. XLIII
No. 21
22-May-2000
SAUDI ARABIA
Saudi Crude Buyers Using New Hedging Mechanism Since Introduction Of BWAVE Benchmark
European customers for Saudi Aramcos crude oil have begun using a new over-the-counter hedging mechanism to reduce the risk of fluctuations in the difference between Saudi crude prices, which since 1 April have been benchmarked against the Brent Weighted Average (BWAVE) reference, and competing crudes which are measured against the dated Brent price (as Saudi crude was...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!