NO. 14

7 JANUARY 1991

Oil Prices

Saudi Arabia Raises Heavy Crude Prices in February Formulas

Saudi Arabia has narrowed the differential between Arabian Light and ArabianHeavy crudes by $1.30/B in Europe and $1.00/B in the US and the Far East in itsprice formulas for February. Presumably with the intention of reflecting somewinter seasonal strength in demand for heavier crudes, the Arabian Light/Heavydifferential has been reduced to $3.10/B in the US, $3.00/B in Europe and$3.00/B in the...