VOL. XXXI

NO. 26

4-APRIL-1988

SAUDI ARABIA SETS 100,000 B/D AS MINIMUM CONTRACT VOLUME FOR PRICE RELIEF

Saudi Arabia has set 100,000 b/d as the minimum contract volume which willqualify customers to benefit from its market-related price formulas, MEESunderstands from market sources. Buyers with contract volumes of less than100,000 b/d are apparently being told by the Saudi marketing authorities thatthey must upgrade their volumes to the required 100,000 b/d if they wish to beeligible for price...