Saudi Export Mix Represents "True Economic Marker Crude," Says Shell Official

Using the Saudi export mix as the OPEC marker crude rather than Arabian Light alone, it can be seen that the OPEC price structure was reasonably well aligned with the market for the year following the March 1983 London agreement, but began to drift out of line thereafter, according to Mr. M.S. Robinson, President of Shell International Trading.

Mr. Robinson presents a trenchant analysis of the...