NO. 28

17 APRIL 1989


Saudi Contract Volume Cutbacks in May Slightly Deeper Than in April

At first glance at least, Saudi Arabia's notified cutbacks below contractualvolumes for crude customers in May seem to be slightly deeper than in April - possibly by something like 100,000 b/d all told. As in previous months, the cutsappear to be focused on volumes destined for East of Suez markets where - owingto the relative weakness of the Dubai spot price used as a yardstick for the...