NO. 45

13 AUGUST 1990

Oil Prices

Saudi Arabia Boosts Contract Prices for September

MEES learns that Saudi Arabia has increased its crude contract priceformulas for September by 75 cents/B for deliveries to the US and Europe and by35 cents/B for deliveries to the Far East. The formulas applicable for Septemberto the four Aramco partners - Exxon, Mobil, Texaco and Chevron - for deliveriesto the US, Europe and the Far East are as follows (on an FOB Saudi Arabia basis,45 days after B/L -...