SAUDI ARABIA

Customers Respond Positively to Saudi Discount Offer 

Saudi Arabia's crude oil customers have responded positively to the Kingdom's offer of price discounts to restore flagging sales volumes (MEES, 5 May) and there has already been a marked improvement in nominations for the month of May, MEES understands from Saudi sources.

Saudi Arabia informed its customers on 30 April of the discount offer which applies for the month of May only. The discounts - which take...