NO. 1

8 OCTOBER 1990

Oil Prices

Saudi Arabia Widens Light/Heavy Differential for November

MEES learns that Saudi Arabia has widened the differential between its lightand heavy crudes by a substantial margin in its crude contract price formulasfor November. The differential between 34 API Arabian Light and 27 API ArabianHeavy will be enlarged to $4/B for deliveries to the US and the Far East and to$5/B for shipments to Europe in November, as compared with $2.50/B for alldestinations in...