Saudi Aramco to sell crude to the US at lower price

Jul 05, 2007 02:00 AM

Saudi Aramco, the world's largest state oil company, cut prices of its crude oil to be exported to the US in August. It raised prices for Europe.
Aramco cut prices of all grades it sells to the US by between 35 cents and 50 cents a barrel, the Dhahran, Saudi Arabia-based company said. Aramco said it raised prices for shipments to Europe in August by between 40 cents and 70 cents a barrel.

The oil producer raised prices of Arab Medium and Arab Heavy grades for Asia by 30 cents and 50 cents a barrel.
It cut prices of its Super Light and Extra Light, while keeping Arab Light price unchanged.

Source: Neftegaz.ru
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