Middle East Economic Survey

VOL. LIII

No 24

14-Jun-2010

Saudi Crude Prices For July Reduced To Asia, Upped For Mediterranean

Saudi Aramco announced its July crude oil pricing formulas to customers on 5 June, making mixed adjustments for prices to the US and Northwest Europe, while decreasing prices to Asia and increasing them to the Mediterranean. The price adjustments reflect growing demand in the Far East, as well as slackening demand in other world markets.

To The US

For July deliveries to the...