Middle East Economic Survey

VOL. LII

No 50

14-Dec-2009

Saudi Aramco Introduces ASCI Price Reference US Crude Deliveries In January Pricing

Saudi Aramco on 6 December announced to customers its monthly crude price formula adjustments for January 2010. The new year marks the introduction of the Argus Sour Crude Index (ASCI) as the price reference for crude oil sales to the US in place of WTI (MEES, 23 November, 2 November). For Europe and Asia, price formulas were adjusted to show increased...