VOL. XXXIII

NO. 46

20 AUGUST 1990

Saudi Arabia

Saudis Restore Cuts in September Nominations

A good deal of mystification was created among oil market watchers last weekwhen on 15 August Saudi Aramco notified its contract customers of cuts, varyingbetween 16% and 20% below contractual volumes in many cases, in acceptednominated liftings for September. However, after the matter had been aired inthe media and prices began to rise as a consequence, there was evidently achange of mind in the Kingdom...