VOL. XXXIV
NO. 6
12-NOVEMBER-1990
Saudi Crudes Improve Competitive Position Following December Price Changes
The December reductions in Saudi crude price formulas, involving a drop of$1.00/B relative to Dated Brent in Europe and $0.20/B relative to ANS in the US(for details see page A4), should be adequate to leave Saudi crudes in a goodcompetitive position in all major markets.
The $1/B reduction in the European formula no doubt takes into account thecurrent inflated price of Dated Brent in...
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