VOL. XXXII

NO. 14

9 JANUARY 1989

PRICE AND CONTRACT DEVELOPMENTS

Saudi Arabia Largely Restores January Volume Cuts for Japanese Customers

Saudi Arabia has now largely restored the volume cuts which it previouslyimposed on Japanese customers for January liftings (see MEES, 26 December 1988/2January 1989). Originally, cuts of 40% on contract volumes for January had beennotified by the Saudis to Japanese buyers - with Mitsubishi (contract volume100,000 b/d) reduced to 60,000 b/d and Kyodo Oil...