VOL. XXXI
NO. 49
12-SEPTEMBER-1988
PRICE CHANGES
Saudi Arabia
Saudi Arabia Reduces Price Formula on Far East Deliveries forOctober
Under strong pressure from customers, Saudi Arabia has agreed to make somedownward revisions in its price formula for crude oil shipments to Far Eastdestinations for the month of October, while keeping the formulas for deliveriesto Europe and the US unchanged.
MEES understands that the Saudis have notified the four US majors of the Aramco group Exxon, Texaco, Mobil and...
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