Middle East Economic Survey


No 28


Saudi Crude Prices For August Raised For Northwest Europe, Reduced in Mediterranean

Saudi Aramco announced its August crude oil pricing formulas for customers on 6 July, raising all prices for Northwest Europe and lowering most for the Mediterranean. Price adjustments for the US and Asian markets were mixed.

To The US

For August deliveries to the US, where Saudi Aramco uses the Argus Sour Crude Index (ASCI) as its pricing reference, Arab Extra...