NO. 23

11 MARCH 1991

Oil Prices

Saudi Arabia Raises Price Formula to US by 35 Cents/B in April

Saudi Arabia has raised its price formula for April crude deliveries to theUS by 35 cents/B, while maintaining unchanged the formulas for Europe and theFar East. The formulas applicable for April to the four Aramco partners - Exxon,Mobil, Texaco and Chevron - for deliveries to the US, Europe and the Far Eastare as follows (on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40days...