VOL. XXXII

NO. 16

23 JANUARY 1989

SAUDI ARABIA

Saudi Volume Cuts on February Nominations Focus on Far East Deliveries

Cuts notified to customers by Saudi Aramco on nominations for crude liftingsin February are apparently focused on deliveries to the Far East market. MEESunderstands that this is a reflection of Saudi dissatisfaction at the low spotprices registered in recent months by Dubai crude, which is the main referenceyardstick in the price formulas for Far East deliveries used by Saudi...