VOL. XLII

No. 02

11-January-1999

SAUDI ARABIA

Saudi Price Changes For February Turn Out Much As Expected

Changes in Saudi Aramcos crude oil price formulas for February up 10-25 cents/B for the US and 15 cents/B for Europe, and down 10-25 cents/B forAsia have turned out to be generally very much in line with market expectations,and little or no serious complaints have been detectable from the side of the buyers.

As far as the US is concerned, the increases in Saudi crude prices forFebruary 25...