NO. 36

11 JUNE 1990

Crude Sharp Reductions in Saudi Crude Price Formulas for July Prices

Saudi Arabia's crude contract price formulas for deliveries to alldestinations for the month of July have been cut sharply, with reductions of 40cents/B and 35 cents/B for all grades to the US and Europe respectively. For theFar East the decreases are 25 cents/B for Arabian Light and Extra Light Berri,70 cents/B for Arabian Medium and 60 cents/B for Arabian Heavy. The formulasapplicable for July...