Journal Article

Noteworthy: oil markets: Saudis abandon WTI price as benchmark


Abstract: Saudi Arabia's state-owned oil company no longer uses West Texas Intermediate (WTI) crude oil as its pricing benchmark. Saudi Aramco, the third largest U.S. oil supplier, switched to the Argus Sour Crude Index (ASCI) in January.

Keywords: Petroleum industry and trade; Saudi Arabia; Petroleum products - Prices;

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Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2010

Issue: Q1

Pages: 15

Order Number: 1