VOL. XXXI

NO. 46

22-AUGUST-1988

OPEC/NON-OPEC AND OIL PRICES

Indonesia Lowers August Prices to Japanese Customers

Indonesia's Pertamina has raised the discount off official prices (OSPs) onsales of Indonesian crude to Japanese buyers, via Japanese-Indonesia Oil (JIO)and Far East Oil (FEO), to $2.76/B for August. This compares with discounts of$1.11/B for July and June, $0.96/B in May, and $1.56/B in April. This would makethe market prices for Indonesia's benchmark Minas crude (OSP $17.56/B) as...