NO. 10

10 DECEMBER 1990

Oil Prices

Saudi Crude Price Formula for January

Saudi Arabia has maintained its January crude contract price formulas for alldestinations at the same level as that of December, except for an increase of 70cents/B for Arabian Heavy destined to Europe, which will be at Brent spot minus$7.00/B instead of the previous minus $7.70/B. The formulas applicable forJanuary to the four Aramco partners - Exxon, Mobil, Texaco and Chevron - fordeliveries to the US, Europe and...