VOL. XLIII

No. 02

10 January 2000

SAUDI ARABIA

Saudi Aramco Cuts February Prices Of All Crudes To All Destinations

The New Year brought good news to Saudi crude buyers all over the world with Saudi Aramcos decision to cut its February price formulas for all grades of crude in all markets with particular emphasis on deep correctional price reductions on sales to Europe.

Cuts in the February price formulas for all Saudi crudes destined for the US down 10 cents/B for Arab Extra Light (AEL), 20...