VOL. XXXVI
NO. 46
16 AUGUST 1993
SAUDI ARABIA
Saudi Aramco Decides On WTI Price Formula For US Market BeginningOctober
MEES understands that Saudi Aramco has told its US customers that it willstart using a price formula based 100% on West Texas Intermediate (WTI) witheffect from October as a benchmark for Saudi crude oil sales to the US. SaudiAramco held a series of separate meetings with its customers in New Yorkduring the past two weeks and informed them of the decision. However, there hasso far...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!