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...
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