NO. 28

16 APRIL 1990

Oil Prices

Saudi Arabia Offers Additional Discounts on May Liftings to US and Europe

MEES understands from industry sources that Saudi Aramco is offering itslarger term customers additional discounts on contract liftings of Saudi crudedestined for the US and Europe for the month of May. These additional discounts,over and above the original May price formulas published in last week's MEES,comprise an extra 35 cents/B on all grades of crude for delivery to the US...