VOL. XXXI
NO. 32
16-MAY-1988
SAUDI ARABIA
Saudi Arabia Extends Market-Related Formula Pricing till end-July
MEES understands that Saudi Arabia has informed its crude oil contractcustomers that its current market-related formula pricing arrangements are tobe extended for a further two months, i.e., for June and July. This is in linewith the current practice of setting contract prices on a two-monthly basis.
The precise details of the Saudi pricing formulas have never been revealed,but the basic...
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