NO. 32

14 MAY 1990

Crude Prices

Saudi Crude Price Formulas Unchanged for June

MEES understands that Saudi Arabia's crude contract price formulas fordeliveries to all destinations for the month of June have been kept unchangedfrom the revised May levels. The formulas applicable for June to the four Aramcopartners - Exxon, Mobil, Texaco and Chevron - for deliveries to the US, Europeand the Far East are as follows (on an FOB Saudi Arabia basis, 45 days afterB/L):

- Deliveries to the US:...