VOL. XXXIV

NO. 36

10 JUNE 1991

Oil Prices

Saudi Aramco Raises Price Formula to Europe by 20 Cents/B in July

Saudi Aramco has raised its price formula for July crude deliveries to Europeby 20 cents/B, while leaving the formulas for the US and the Far Eastunchanged. The formulas for July to the four Aramco partners - Exxon, Mobil,Texaco and Chevron - for deliveries to the US, Europe and the Far East are asfollows (on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 daysafter B/L for NW...