NO. 19

11 FEBRUARY 1991

Oil Prices

No Change in Saudi Price Formulas in March

Saudi Arabia has maintained its March crude contract price formulas for alldestinations unchanged from those of February. The formulas applicable for Marchto the four Aramco partners - Exxon, Mobil, Texaco and Chevron - for deliveriesto the US, Europe and the Far East are as follows (on an FOB Saudi Arabia basis,50 days after B/L for the US, 40 days after B/L for NW Europe, 20 days after B/Lfor the...