VOL. XXXIV
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...
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