VOL. XXXII

NO. 24

20-MARCH-1989

SAUDI VOLUME CUTS HELP TO FUEL SPOT PRICE RISES

During the past week, cuts in April crude supply volumes by Saudi Arabia toits contract customers have helped to fuel the mini-boom in oil prices whichsent WTI over the $20/B mark on Friday. Unlike previous months, when Saudivolume cuts have been concentrated on deliveries to the Far East, the Aprilreductions are also affecting European and US customers. According to MEESsoundings, Saudi cuts in contract volumes for...