INTERNATIONAL: Riyadh seeks role for sour crude - Oxford Analytica

Report title: INTERNATIONAL: Riyadh seeks role for sour crude

from Oxford Analytica
1239 word report published Oct 30, 2009

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Abstract:

Saudi Arabia's decision to change the way it prices oil delivered to the US market from January 2010 reflects its disenchantment with the current pricing benchmark, West Texas Intermediate. Riyadh wants heavy high sulphur crude grades to have more influence on pricing.

Brief Excerpt:

INTERNATIONAL: Saudi sour INTERNATIONAL: Riyadh seeks role for sour crude Saudi Arabia on October 28 announced a change to the way it will price crude oil delivered into the US market. Saudi Arabia's decision to change the way it prices...

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Oxford Analytica

Country / Region:

Canada, International, Saudi Arabia, United States, Gulf states, Iran, Iraq, Mexico, Oman, OPEC, Russia, United Arab Emirates, Venezuela

Topic:

industry, derivatives, energy, infrastructure, oil, prices, economy, investment

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Table of Contents:

GEOGRAPHIC REGIONS : Canada, International, Saudi Arabia, United States, Gulf states, Iran, Iraq, Mexico, Oman, OPEC, Russia, United Arab Emirates, Venezuela

TOPICS : industry, derivatives, energy, infrastructure, oil, prices, economy, investment

SIGNIFICANCE : Saudi Arabia's decision to change the way it prices oil delivered to the US market from January 2010 reflects its disenchantment with the current pricing benchmark, West Texas Intermediate. Riyadh wants heavy high sulphur crude grades to have more influence on pricing

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