VOL. XXXII

NO. 40

10-JULY-1989

SAUDI ARABIA

3Q Saudi Crude Prices for Mediterranean Deliveries

MEES understands that the third quarter price formula for European companiespurchasing Arabian Light crude oil for Mediterranean deliveries (FOB Sidi Kerir)is: Dated Brent minus $1.40/B, compared to Dated Brent minus $1.20/B in thesecond quarter and Dated Brent minus $1.40/B in the first quarter (MEES, 20March).