VOL. XXXI

NO. 1

12-OCTOBER-1987

RUMORS OF SAUDI PRICE DISCOUNT MOVE HELD TO BE WITHOUT FOUNDATION

Amid all the furore and confusion caused by last week's media reports of anew oil price discounting policy in Saudi Arabia, a number of things can be saidwith a high degree of confidence: there has been no change in Saudi policy onprices; customers for Saudi crude continue to be charged full official priceswith no discounts or undertakings for future retrospective price reviews; nodeals involving...