Middle East Economic Survey

VOL. LIV

No 45

7-Nov-2011

Saudi Crude Prices Mainly Increased To Western Markets, Reduced To Asia

Saudi Aramco announced its December crude pricing formulas to customers on 2 November, raising most prices for western markets, but reducing most prices to the Far East. As usual, Saudi Aramco has based its latest pricing formulas to some extent on recent spot price movements for competing crudes in the regional markets; but some of these adjustments can be viewed as...