Middle East Economic Survey

VOL. LIII

No 45

8-Nov-2010

Saudi Crude Prices For Asia Raised, Prices To US And Europe Reduced

Saudi Aramco announced to customers on 3 November its crude oil pricing formulas for December, raising the prices for all its crude to Asia, but reducing them to Europe and the US. As usual the prices reflect spot prices for competing crudes in the three regional markets. Also, a recent improvement in netbacks on the Singapore market and rising seasonal demand was behind...