SAUDI ARABIA ASKS CUSTOMERS TO REVIEW SEPTEMBER NOMINATIONS

Saudi Arabia has sent a circular to all its crude oil customers asking them to review their nominations for liftings during the month of September in view of the government's decision not to apply incentive discounts for that month. These incentive discounts ranging between $0.50/B and $1.25/B according to volume - have been accorded to customers on a month-to-month basis since May.

The Saudi notice asks customers to inform...