VOL. XXXI

NO. 24

21-MARCH-1988

REPORTED SAUDI PRICE MOVES MEET WITH CALM ACCEPTANCE IN OIL MARKET

Strong reports from Tokyo towards the end of last week to the effect thatSaudi Arabia is offering market-related price relief to its Japanese customershave met with calm acceptance in a generally firm market which by Friday hadmore than recouped losses suffered earlier in the week.

According to these Tokyo reports - which have not as yet been confirmed fromthe Saudi side - Saudi Arabia is offering its...