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...