VOL. XXX

NO. 17

2-FEBRUARY-1987

JAPANESE BUYERS SIGN UP FOR FIVE-MONTH SAUDI CONTRACTS BUT MAJORS STILLHOLD BACK

A number of additional customers including two Japanese buyers have signed upduring the past week for Saudi crude oil supplies under the five-monthfixed-price contracts now being proposed by Saudi Arabia. However, SaudiArabia's major customers, including the big four of Aramco, are still stronglyopposed to locking themselves into any contracts which would commit them toguaranteed...