NO. 40

9 JULY 1990

Oil Prices

No Change in Saudi Crude Price Formula for August

MEES learns that Saudi Arabia's crude contract price formulas fordeliveries to all destinations for the month of August have been maintainedunchanged from July. The formulas applicable for August 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 after B/L):

- Deliveries to the US: Arabian...