VOL. XXXIV

NO. 45

12 AUGUST 1991

Oil Prices

Saudi Aramco Reduces September Price of Arabian Heavy to US andEurope

Saudi Aramco has reduced the price formula for September deliveries ofArabian Heavy crude to the US and Europe by 20 cents/B, while maintainingunchanged the price formulas for the Far East. The formulas for September inrespect of the four Aramco partners - Exxon, Mobil, Texaco and Chevron - fordeliveries to the US, Europe and the Far East are as follows (on an FOB SaudiArabia basis, 50...