VOL. XXXII
NO. 50
18-SEPTEMBER-1989
PRICE DEVELOPMENTS
4Q Saudi Crude Prices for Mediterranean Deliveries
MEES understands that Saudi Arabia's fourth-quarter price formula forEuropean companies purchasing Arabian Light crude oil for Mediterraneandeliveries (FOB Sidi Kerir) is: Dated Brent minus $1.20-1.25 (depending on thevolume to be lifted and the ratio of the grade mixture), compared to Dated Brentminus $1.40/B in the third quarter, Dated Brent minus $1.20/B in the secondquarter and Dated Brent...
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