VOL. XLIII

No. 37

11 September 2000

SAUDI ARABIA

Saudi Aramco Sets October Crude Prices To Pave The Way For Production Increases

With the petroleum world looking to Saudi Arabia for production increases to calm overheating crude oil markets, Saudi Aramco took the unusual step of setting its contract prices for October to make incremental volumes of sour crudes attractive to buyers. This can be interpreted as a bid to prepare the way for increased volumes arising out of OPECs ministerial meeting on...