Middle East Economic Survey
VOL. LIV
No 41
10-Oct-2011
Saudi Crude Prices Increased For Asia, Reduced For US And Europe
Saudi Aramco announced its November crude pricing formulas to customers on 5 October, raising prices to Asia, but reducing those to the US and Europe with the exception of the price of Arabian Heavy to the Mediterranean. Saudi Aramco normally bases its pricing formula primarily on recent spot price movements for competing crudes in the regional markets.
To The US
For...
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