No. 24

12 June 2000


Saudi Aramco Cuts Crude Prices For July To US Market But Raises Most Prices To Europe And Asia

On 5 June Saudi Aramco announced the contract prices of its crude oil grades for July, lowering the cost of them all to the US but raising the cost of all grades to Europe. As regards the Far East, prices for light, medium and heavy grades are unchanged, but those for extra light and super light crudes have been raised. The changes mainly tracked the...