VOL. XXXI

NO. 43

1-AUGUST-1988

SAUDI ARABIA

Saudi Arabia Sets 10-Cents Differential between Aramco and Non-AramcoCustomers

MEES understands that Saudi Arabia has set contract prices for crudedeliveries to Europe for July and August by customers outside the Aramco groupat 10 cents/B above the formula applicable to the four Aramco companies. Thismeans that the price of Arabian Light (f.o.b. Ras Tanura) deliveries to Europeandestinations by non-Aramco customers is spot Brent minus $1.70/B, as against...