Middle East Economic Survey

VOL. LIII

No 32

9-Aug-2010

Saudi Crude Prices Reduced To Most Destinations

Saudi Aramco announced the September crude oil pricing formulas for customers on 4 August, reducing practically all prices to all destinations except for Arab Medium and Arab Heavy to the US. Crude oil prices for WTI and Brent have averaged above $75/B since mid-July, giving Saudi Aramco leeway to make discounts and remain within its desired price range.

To The US

For September deliveries to the...