NO. 49


Oil Prices

Saudi Arabia Widens Light/Heavy Differential by 70 Cents to $2.50/B

MEES learns that Saudi Arabia has increased its crude contract priceformulas for October by 20-30 cents/B for Arabian Light, 30-40 cents/B forArabian Medium and 70-80 cents/B for Extra Light Berri, while reducing that forArabian Heavy by 40-50 cents/B. The result is a widening of the differentialbetween Arabian Light and Arabian Heavy by 70 cents from $1.80/B in September to$2.50/B...