VOL. XXXI

NOS. 11/12

21/28-DECEMBER-1987

OPEC

Term Crude Buyers Intensify Pressure for Price Discounts

Not surprisingly, in a market where official crude prices appear to have beenoverwhelmed by the tide of adverse reaction against the outcome of OPEC's Viennaconference, downward price pressure has been very much in evidence over the pastweek.

The main focus of interest is, of course, centered on Saudi Arabia. But,though it is generally assumed that the Saudis will do something by way of price...