Middle East Economic Survey

VOL. LIII

No 37

13-Sep-2010

Saudi Aramco Raises Crude Oil Prices For October

Saudi Aramco announced the October crude oil pricing formulas for customers on 5 September, raising prices to all destinations. During the month of August the price for WTI and Brent crudes ranged from the low $80s/B at the start of the month to the low $70s/B by the end of it, but the price of sour crudes during the period rose slightly in all main markets. However, differentials of spot sour...