VOL. XLIII

No. 47

20 November 2000

SAUDI ARABIA

Saudi Arabia Cuts December Supplies To Europe But Promises Full Deliveries To Asia And US

Saudi Arabia has told its European crude oil customers that they will receive roughly 10% less crude oil in December than in November under their supply contracts with Saudi Aramco. MEES understands that a relative strengthening in the price of the Oman and Dubai blends, used as the benchmark for Saudi Aramcos Asian contract prices, compared with Brent crude...